Panda Traders
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Update on Our $BTC Short Position
As you know, we entered a short position earlier based on our multi-timeframe bearish analysis and key resistance levels. I want to give you full clarity on the current scenario so we’re all aligned.
On the BTC liquidation heatmap, we’re seeing significant liquidity clusters above the current price especially around the 119,200–119,700 zone. This means market makers may push price slightly higher to hunt stop-losses before reversing downward. Our short entry was positioned with this in mind, and we’ve kept a wide stop-loss above the key resistance to avoid being taken out by a simple liquidity grab.
BTC dominance is also showing weakness, which aligns with our bearish bias. However, short-term momentum on lower timeframes can still allow a brief spike before the main drop. This is normal market behavior, and it doesn’t invalidate our trade idea.
The plan remains the same:
• Hold the short with discipline
• Watch for rejection in the 119,200–119,700 zone
• Targets remain towards 118,400, 118,050, and potentially lower
I was just scared of this liquadation but in scalp trade it's looking difficult to jump this much just to grab the liquadity so we will use tight sl and risk management to avoid liquadity hunt
As you know, we entered a short position earlier based on our multi-timeframe bearish analysis and key resistance levels. I want to give you full clarity on the current scenario so we’re all aligned.
On the BTC liquidation heatmap, we’re seeing significant liquidity clusters above the current price especially around the 119,200–119,700 zone. This means market makers may push price slightly higher to hunt stop-losses before reversing downward. Our short entry was positioned with this in mind, and we’ve kept a wide stop-loss above the key resistance to avoid being taken out by a simple liquidity grab.
BTC dominance is also showing weakness, which aligns with our bearish bias. However, short-term momentum on lower timeframes can still allow a brief spike before the main drop. This is normal market behavior, and it doesn’t invalidate our trade idea.
The plan remains the same:
• Hold the short with discipline
• Watch for rejection in the 119,200–119,700 zone
• Targets remain towards 118,400, 118,050, and potentially lower
I was just scared of this liquadation but in scalp trade it's looking difficult to jump this much just to grab the liquadity so we will use tight sl and risk management to avoid liquadity hunt
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