$BTC Alert: Time to Consider Shorting?
Hey Binance Square fam! 👋
Bitcoin (BTC) is currently trading near $108,000 and has been testing the resistance zone around $110,000 multiple times. With momentum showing signs of slowing, a short-term pullback could be on the cards. Here's a potential short strategy to consider:
🔹 Entry Zone: $109,500 – $110,500
🔹 Take Profit Targets: $107,000 and $105,500
🔹 Stop Loss: Above $111,200
This approach is designed to catch a potential rejection at resistance, assuming BTC fails to break out with strength.
📌 Disclaimer: This isn’t financial advice. Always DYOR and manage your risk accordingly.
Good luck and happy trading! 🚀📉
