$BTC /USDT Short Trade Setup
Entry Price:
$87,795 - $87,850 (Near resistance)
Take Profit (TP) Levels:
TP1: $87,300
TP2: $86,950
TP3: $86,400
Stop Loss (SL):
$88,250 (Above MA(25) and local resistance)
Strategy Explanation:
Market Structure: Price rejected near MA(25) at $88,114, confirming resistance.
Moving Averages:
MA(7) at $87,389 – If price falls below this level, expect further downside.
MA(25) at $88,114 is acting as a strong resistance.
RSI (6): 52.83, showing neutral momentum but overbought on lower timeframes.
MACD: Bearish crossover forming, signaling potential downside.
Smart Trading Rules:
Entry Near Resistance: Short near $87,795 - $87,850 for better risk-to-reward.
Risk Management: Keep SL strict and book partial profits at TP1.
Monitor Price Action: If price fails to break $87,300, consider closing early.
Closing Statement:
A rejection from resistance suggests bearish momentum. Follow the trade plan, stick to risk management, and adjust as needed.