$BTC
Shorted $BTC at Resistance – Clean +18% Win on Futures 💰
Today, I executed a short trade on $BTCUSDT (Futures) after identifying a strong resistance zone at $119,300.
Trade Details:
Entry: $119,050
Exit: $117,100
Leverage: 10x
Timeframe: 1H chart
PnL: +18%
Reason: Rejection from resistance + RSI overbought on the 1H chart.
Trade Setup & Strategy:
Price rejected the $119,300 resistance zone twice.
A bearish engulfing candle confirmed the sell-off.
I entered the short position after the second rejection, with a tight stop just above $119,400.
Key EMA levels were converging, signaling potential bearish momentum.
Risk Management Tip:
Always trade with a plan. Use tight stops and ensure your risk-to-reward ratio makes sense before entering any trade.
Trading Insight:
If BTC breaks above $120K with volume, I’ll switch to a bullish bias and start looking for long opportunities.
