$BTC /USDT – Short Trade Setup: Selling Pressure After Rejection 🔴🔴
Current Price: 116,226
Market Structure: Price encountered resistance at 117,630 and failed to push higher. Consecutive red candles and lower highs indicate growing selling pressure and seller dominance.
Entry Level:
Short between 116,300 – 116,700 on a weak bounce.
Stop Loss:
Placed above 117,700 to protect against a false breakout.
Target Points:
TP1: 115,600
TP2: 114,800
TP3: 113,900
Trade Analysis:
BTC’s rejection at the 117,630 resistance level signals potential upside exhaustion. A break below 115,900 would confirm short-term bearish momentum, presenting an opportunity to target lower support zones.
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