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📢 Signal: POSSIBLE SHORT on Breakdown$BTC
Reason:
1. Price Action: $BTC is trading below the 7 MA (104,586.84 USDT) and 25 MA (105,590.69 USDT). This indicates short-term bearish momentum.
2. Resistance Area: Recent attempts to break above 105,000–106,000 have failed multiple times.
3. Support Zone: The key support zone is ~103,500 USDT (24H low). If this breaks, further downside towards 100,500–96,500 USDT is possible.
4. Volume Analysis: Volume is declining, signaling a possible breakout soon. If breakdown happens with volume, expect bearish continuation.
5. Moving Averages:
MA(7) < MA(25) < MA(99) — indicating bearish alignment.
6. Previous High Failure: $BTC failed to hold the 111,980 USDT level, forming a lower high setup.
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✅ Trade Plan (Advanced Traders):
SHORT Entry (if support breaks): Below 103,400 USDT.
🛑Stop Loss: Above 105,000 USDT.
Targets:
💸TP1: 100,500 USDT
💸TP2: 96,500 USDT
LONG Entry (if reversal): Above 105,600 USDT with strong volume confirmation.
🛑Stop Loss: 103,800 USDT.
Targets:
💸TP1: 108,800 USDT
💸
TP2: 111,900 USDT
⚠️⚠️!!!! Stop loss is compulsory !!!!!
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📌 Conclusion:
⚠ Wait for confirmation.
🔻 Bias: Bearish if 103,500 breaks with volume.
📈 Possible bullish reversall chart only above 105600
