Entry Zone (Short / Sell):
99,500 â 101,000 USDT
Why?
Price retesting the descending resistance
Strong confluence zone
Good risk-reward
đ STOP-LOSS (SL)
Shown on your chart above the major resistance:
â Stop-loss:
118,000 â 120,000 USDT
đŻ TAKE-PROFIT LEVELS (TP)
Your chart shows 3 TP boxes, based on ATR levels:
â TP1 (SAFEST)
92,000 â 94,000 USDT
First liquidity zone
High probability target
â TP2
89,000 â 90,000 USDT
Strong historical support
Mid-range target
Momentum favors a test of this level
â TP3 (EXTENDED)
86,000 â 87,000 USDT
đ Risk/Reward (RRR)
RRR = 2â4x, depending on where entry is taken.
Works best with 2xâ5x leverage due to BTCâs volatility.
#TechnicalAnalysis
#ChartAnalysis
#PriceAction