BTC/USD Short Setup – Breakdown from Bear Flag Edge

4 gün önce

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Thesis: Bitcoin is trading within a well-defined descending channel, potentially forming a bear flag on the higher time frame. Price is currently hovering just below the key resistance zone near $108,600 (“The Edge”), failing to reclaim the upper boundary of the flag.
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Entry: 🔻 Short at $106,850 – Price is rejecting the upper channel resistance and failing to break above “The Edge”

Stop-Loss: 🔺 $109,000 – Above the recent swing high and invalidation of the flag structure

Take-Profit 1: ✅ $104,700 🎯
Take-Profit 2: ✅ $102,400 🎯
Optional extended:
TP4: $98,000 – Full measured move of the flag breakdown

Risk-Reward Ratio: ~1:1 to 1:4 depending on target

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