Trading Strategy ๐
Since the chart is showing a strong bearish trend, your strategy should depend on whether you want to trade:
Short (Sell) for more downside
Long (Buy) if a reversal happens
๐ Bearish Strategy (Short Trade - Trend Continuation)
๐น Entry:
If price breaks below 94,500 with high volume, enter a short position.
Wait for a small bounce back to 95,000 - 96,000 and enter there for a better risk-reward ratio.
๐น Stop Loss:
Place at 97,000 - 98,000 (above the previous resistance).
๐น Take Profit Targets:
92,000 (First TP)
90,000 (Major support)
๐ก Why?
The trend is clearly down.
Moving averages confirm bearish momentum.
Price is making lower highs & lower lows (downtrend structure).
๐ Bullish Strategy (Long Trade - Reversal Play)
๐น Entry:
ONLY if price bounces from 94,500 and forms a bullish confirmation (e.g., green candle with strong volume).
Wait for a break above 97,000 - 98,000 for safer confirmation.
๐น Stop Loss:
Place below 93,500 (to protect against further downside).
๐น Take Profit Targets:
100,000 (First TP - psychological level)
103,000 - 104,000 (Major resistance)
๐ก Why?
If the price holds 94,500 and makes a higher low, it may trigger a bounce.
Risk is lower if confirmation occurs.
Final Thoughts & Tips
โ Shorting has a higher probability of success in this trend.
โ Use tight stop losses because crypto is volatile.
โ Watch Bitcoin (BTC) movement, as it impacts the entire market.
โ Volume mattersโif selling volume is high, expect further downside. #BtcSignals $USUAL