BitcoinShort
Here’s a trade setup for BTC/USD based on your inputs:
Trade Details:
1. Trend: Bearish
2. Selling Zone (Entry Point): 94,439
3. Action: Look for a short position.
Key Considerations:
1. Stop Loss:
Place the stop loss above a recent resistance level, e.g., 95,500 or 96,000, depending on volatility.
2. Take Profit Levels:
Identify key support areas below 94,439. Potential targets:
1st target: 92,000 (near-term support).
2nd target: 90,000 (psychological level).
3rd target: 88,000 (major support).
3. Risk/Reward:
Calculate the distance between the stop loss and entry to ensure a 1:2 or better risk/reward ratio.
Example: If the stop loss is at 95,500 (1,061 pips), aim for at least 92,000 (2,439 pips profit).
4. Confirmation Signals:
1. Trend: Bearish
2. Selling Zone (Entry Point): 94,439
3. Action: Look for a short position.
Key Considerations:
1. Stop Loss:
Place the stop loss above a recent resistance level, e.g., 95,500 or 96,000, depending on volatility.
2. Take Profit Levels:
Identify key support areas below 94,439. Potential targets:
1st target: 92,000 (near-term support).
2nd target: 90,000 (psychological level).
3rd target: 88,000 (major support).
3. Risk/Reward:
Calculate the distance between the stop loss and entry to ensure a 1:2 or better risk/reward ratio.
Example: If the stop loss is at 95,500 (1,061 pips), aim for at least 92,000 (2,439 pips profit).
4. Confirmation Signals:
Disclaimer
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