🕒 Time Frame: 4 Hours
💰 Asset: BTC/USDT
📉 Trade Type: Sell 🔴
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🛒 Current Market Price:
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1. Entry Point
Zone 104,000 – 104,200 USDT
It is preferable to wait for the price to reach the middle of the zone (~104,100) to reduce slippage.
2. Stop Loss
104,800 USD
Above the strong daily resistance at 104,300 – 104,500 USDT
3. Take Profit Targets
TP1: 102,000 USDT
TP2: 100,500 USDT
> 📝 Risk Management
Risk: ~600 – 800 Points (≈0.6% – 0.8%)
Risk/Reward Ratio at TP2 ≈ 1 : 2
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📈 Technical Analysis
The price is touching strong resistance at 104,300 – 104,500 USDT, which is the same peak as the previous day.
The RSI indicator on the 4-hour timeframe is in the overbought zone, indicating a potential bearish reversal.
A pin bar or doji candle reversal at this resistance strengthens the sell scenario.
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