Bitcoin (BTC/USD) Short Setup – High Probability Trade Idea
A potential trend reversal is forming on the BTC/USD daily chart after a strong bullish rally. The price action has broken below the rising trendline, signaling weakening bullish momentum. This setup offers a favorable risk-to-reward ratio for a short position.
Trade Plan:
Entry Zone: Current Market Price (~$103,448)
Stop Loss: $108,802 (Above recent swing high and resistance zone)
Take Profit 1: $94,581 (First key support level – partial exit)
Take Profit 2: $79,912 (Major support zone – final target)
Technical Justification:
Trendline Break: Indicates a shift in market structure from bullish to bearish.
Volume Analysis: Declining buying volume and increased selling pressure suggest sellers are gaining control.
Support Zone: The $79,000–80,000 area has previously acted as strong demand, making it an ideal profit zone.
Risk Management: This setup respects proper stop-loss placement and aligns with classic support/resistance trading principles.
Note: Always manage your risk and consider market news or fundamental events that may affect volatility.
A potential trend reversal is forming on the BTC/USD daily chart after a strong bullish rally. The price action has broken below the rising trendline, signaling weakening bullish momentum. This setup offers a favorable risk-to-reward ratio for a short position.
Trade Plan:
Entry Zone: Current Market Price (~$103,448)
Stop Loss: $108,802 (Above recent swing high and resistance zone)
Take Profit 1: $94,581 (First key support level – partial exit)
Take Profit 2: $79,912 (Major support zone – final target)
Technical Justification:
Trendline Break: Indicates a shift in market structure from bullish to bearish.
Volume Analysis: Declining buying volume and increased selling pressure suggest sellers are gaining control.
Support Zone: The $79,000–80,000 area has previously acted as strong demand, making it an ideal profit zone.
Risk Management: This setup respects proper stop-loss placement and aligns with classic support/resistance trading principles.
Note: Always manage your risk and consider market news or fundamental events that may affect volatility.
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.