#BTC $BTC
SELL
Confidence: 75%
Entry Point: 63835.80
SL: 64046.46
R:R: 1:2
Expected TP: 63320.00
The downtrend on the 15m chart is confirmed by the lower high and lower low structure along with a bearish MA crossover. Price retracing near the resistance zone of 63770.00 provides an optimal SELL entry position with a solid R:R ratio. Heavy selling pressure from the Order Book (Ask 73.4%) and a significant increase in Volume support the continuation of the downtrend.
SELL
Confidence: 75%
Entry Point: 63835.80
SL: 64046.46
R:R: 1:2
Expected TP: 63320.00
The downtrend on the 15m chart is confirmed by the lower high and lower low structure along with a bearish MA crossover. Price retracing near the resistance zone of 63770.00 provides an optimal SELL entry position with a solid R:R ratio. Heavy selling pressure from the Order Book (Ask 73.4%) and a significant increase in Volume support the continuation of the downtrend.