I have entered a short position on BTC/USD following a failed breakout and 4-hour candle close back below the key horizontal resistance level. This level also aligns with the mid-range of the recent consolidation zone. Price attempted to reclaim this level but was firmly rejected, signaling potential bearish continuation.
Entry: $81,517.95 (Rejection confirmation at resistance)
Stop Loss: $84,720.67 (Above the recent swing high and invalidation zone)
Risk Management Level: $79,552.34 (Move SL to BE once TP1 is hit)
Target Levels:
TP1: $79,552.34 – Moving SL to BE at this point to manage risk
TP2: $75,012.31
Trade Rationale:
The 4H rejection candle confirms sellers defending the resistance zone, with price unable to close back above — a signal of continuation lower within the broader range.
A clean break and retest of the ascending short-term trendline may further confirm bearish momentum.
Risk is defined above the most recent supply zone to allow space for natural price volatility.
Targets are mapped based on previous support reactions and potential liquidity pools below current levels.
Entry: $81,517.95 (Rejection confirmation at resistance)
Stop Loss: $84,720.67 (Above the recent swing high and invalidation zone)
Risk Management Level: $79,552.34 (Move SL to BE once TP1 is hit)
Target Levels:
TP1: $79,552.34 – Moving SL to BE at this point to manage risk
TP2: $75,012.31
Trade Rationale:
The 4H rejection candle confirms sellers defending the resistance zone, with price unable to close back above — a signal of continuation lower within the broader range.
A clean break and retest of the ascending short-term trendline may further confirm bearish momentum.
Risk is defined above the most recent supply zone to allow space for natural price volatility.
Targets are mapped based on previous support reactions and potential liquidity pools below current levels.
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.
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.