$BTC

Sure! Let’s break down the entry and exit points of this chart based on the visible trade setup:

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Chart Overview (BTC/USDT 1H):

Current Price: 83,860.10

Timeframe: 1-hour

This chart shows a short trade setup, meaning the expectation is that the price will go down after entering.

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1. Entry Point:

Entry Price: Around 83,860

The price is currently facing resistance near the 84,421 – 84,429 zone.

The trade seems to be entering a short position (sell) just under this resistance.

Reason: After a drop in price, there’s a small pullback. This is usually when traders enter a short position expecting another move downward.

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2. Stop Loss (SL):

Stop Loss Level: 84,429

This is the red box area above the entry.

If the price goes above 84,429, it likely means the trade idea is invalid and the price may move higher. So the position is exited with a small loss.

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3. Take Profit (TP) / Exit Point:

First Target: 83,682

Main Target (Green Zone): 81,159 – 80,228

The green box below the entry shows where profits will be taken.

This zone is marked as the expected support area where the price may bounce, so traders exit the short trade here to lock in gains.

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Risk-Reward:

Risk is from 83,860 to 84,429 (about 569 points)

Reward is from 83,860 to 81,159 / 80,228 (about 2,700 – 3,600 points)

So, this trade has a very good risk-to-reward ratio (around 1:5 to 1:6).

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Conclusion:

This chart shows a bearish setup:

Sell Entry: Near 83,860

Stop Loss: Above 84,429

Targets: First small target at 83,682, major target at 81,159 and possibly 80,228