$BTC Based on the 1-hour chart provided for BTC/USDT, here's a simple trading setup:
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š„ Entry (Short Position)
Entry: 103,480
(Price is rejecting the 7/25 MA zone and showing weakness.)
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š Stop Loss
Stop Loss: 104,650
(Above the recent swing high and MA(99) ā this invalidates the bearish setup.)
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šÆ Take Profit
Take Profit 1 (TP1): 102,345
(Recent low ā strong support zone)
Take Profit 2 (TP2): 101,500
(Extended target if breakdown continues)
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š Risk-Reward Ratio
RR ~1.0 to TP1,
RR ~2.0 to TP2