$BTC /USDT ā SHORT TRADE SIGNAL š“
Relief bounce in play ā but structure still favors the bears!
$BTC dropped from 120,247 to 118,532 and is now forming lower highs with weak recovery candles. This usually signals a bearish flag or descending channel continuation, especially on low volume. Sellers may step in again if price fails near resistance zones.
š TRADE SETUP:
š“ Short Trade Signal
Entry Point: 118,900 ā 119,100 (on rejection candle)
Stop Loss: 119,600
Take Profit:
ā¢ TP1: 118,200
ā¢ TP2: 117,500
ā¢ TP3: 116,800
Margin: 2-3% of wallet
Leverage: 10x
š MARKET OUTLOOK:
BTC remains below the breakdown zone of 120,000. The recent bounce is weak and not supported by bullish volume or momentum. Watch for rejection near 119,000 ā this is the critical short zone. If price breaks below 118,500 again, expect acceleration downward.