BTC/USD Short Trade Setup: Bearish Reversal in Play

3 gün önce

BTC/USD 1-Hour Chart Analysis: Potential Bearish Reversal
Key Observations:
Downtrend Continuation:

The price appears to have been in a downtrend before a recent bullish correction.
The Bollinger Bands indicate that the price is approaching the upper band, which might act as resistance.
Bearish Rejection Zone:

The red zone indicates a potential sell entry area.
The price is currently within this resistance zone and is showing signs of rejection.
Projected Price Movement:

A downward move is expected if resistance holds.
The first support level is around $82,032 - $81,543.
A further decline towards $79,729 is possible.
Indicators:

Bollinger Bands suggest that price might be overextended on the upside.
A possible breakdown below the mid-band (blue moving average) could trigger a stronger bearish move.
Trading Insight:
Bearish Bias: A short position could be valid if the price fails to break above resistance.
Stop-Loss: Above $85,467 - $85,695 to invalidate the setup.
Take-Profit Targets:
First Target: Around $82,03
Conclusion:
This chart suggests a bearish reversal setup if resistance holds. A break above the resistance zone would invalidate the bearish outlook.

3 gün önce

İşlem aktif

🔴 Short Position (Sell Trade Active)
Entry Price: Around $83,881 (within resistance zone)
Stop-Loss (SL): $85,467 - $85,695 (above key resistance)

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