Bitcoin Dip - Short Opportunity?
The Bitcoin/TetherUS perpetual contract on Binance experienced a sharp drop around 9 PM. This chart shows a potential shorting opportunity based on the price action.
Trade Setup: Sell Limit
- Entry: 105,800.0
- Stop Loss (SL): 106,000.0
- Take Profit (TP): 104,900.0 (Aim for a reasonable profit target based on your risk tolerance.)
Question: What are your thoughts on this short setup? Do you see this price action continuing, or is a bounce likely? Share your analysis and trade plans in the comments below!
