$BTC /USDT BEARISH FADE BELOW RESISTANCE โ ๏ธ | SHORT TRADE SETUP IN PLAY ๐ป
๐ Current Price: $108,649
Bitcoin is failing to hold above $109K, facing heavy selling pressure at $110,000 โ a psychological and technical resistance. The price action is showing signs of distribution, with a weakening structure and possible lower high formation. If $108,000 cracks, expect deeper pullbacks.
๐ Key Levels:
๐น Major Resistance Zone: $109,515 โ $110,000 (Sell Zone ๐ด)
๐น Immediate Support: $108,126
๐น Key Downside Targets:
โข $107,000
โข $106,000
โข $104,500 (Strong buyer interest zone โ ๏ธ)
๐ผ Trade Setup โ SHORT POSITION
๐ Entry: $108,800 โ $109,500 (Ideal short zone on rejection wick)
๐ฏ Targets (TP):
โข TP1: $108,100
โข TP2: $107,000
โข TP3: $104,500
๐ Stop Loss (SL): $110,250 (Above key resistance & invalidation level)
โ๏ธ Risk Management:
Risk only 1-2% of capital per trade. Always stick to SL. Donโt average down losing trades. Use confirmation like bearish engulfing or trendline break on the 1H/4H to validate entry. ๐ง ๐ผ
โ ๏ธ Momentum turning bearish โ protect gains, execute smart.
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