🚨 $BTC
/JPY BEARISH SETUP – LOSING STEAM AT THE TOP
$BTC/JPY is currently trading at 15,650,485 JPY (+0.46%), hovering below resistance at 15,700,000 JPY. Price has bounced strongly, but momentum is slowing, and failure to break through resistance could invite selling pressure. A move below 15,539,000 JPY would signal a potential pullback.
🔑 Key Levels
Resistance: 15,680,000 – 15,780,000
Support: 15,540,000 (immediate), then 15,350,000
Current Price: 15,650,485 JPY
📊 Trade Setup (Short):
Entry Zone: 15,640,000 – 15,700,000
Take Profit 1: 15,540,000
Take Profit 2: 15,350,000
Stop Loss: 15,810,000
💡 Short Market Outlook:
Price is sitting just below the local high (15.7M), with a tight range and weak volume. Momentum indicators are likely flattening (inferred from MA(5) and MA(10) behavior). A breakdown below 15.54M could confirm short-term bearish reversal, especially if volume spikes.
⚠️ Risk Management:
Limit trade risk to 2–3% of capital
Stick to a firm stop-loss above 15.81M
Watch for fakeouts — confirmation needed on breakdown + volume