Based on chart I've provided for BTC/USD, here's a detailed sell setup with suggested entry, stop-loss (SL), and take-profit (TP) levels:
🔻 BTC/USD Sell Setup (1H Chart)
Sell Entry: 109,400
(Price near resistance and breakdown from bearish wedge)
Stop Loss (SL): 110,800
(Above resistance zone and wedge top)
🎯 Take Profit (TP) Levels:
TP1: 108,000
(Retest of previous support range / consolidation zone)
TP2: 106,000
(Measured move from wedge breakdown and previous support area)
TP3: 104,800
(Final target based on full downside projection from wedge)
🛡️ Risk Management Tip:
Keep position sizing conservative near high volatility zones like this. Consider trailing SL once TP1 is hit to lock in profit.
🔻 BTC/USD Sell Setup (1H Chart)
Sell Entry: 109,400
(Price near resistance and breakdown from bearish wedge)
Stop Loss (SL): 110,800
(Above resistance zone and wedge top)
🎯 Take Profit (TP) Levels:
TP1: 108,000
(Retest of previous support range / consolidation zone)
TP2: 106,000
(Measured move from wedge breakdown and previous support area)
TP3: 104,800
(Final target based on full downside projection from wedge)
🛡️ Risk Management Tip:
Keep position sizing conservative near high volatility zones like this. Consider trailing SL once TP1 is hit to lock in profit.
Trade active
Tp1 hit running in 140 pips
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.