Current Price: 85,724.51
Entry Zone: Near resistance around 85,848
Trade Idea: Short Position
Sell Entry: Near 85,848
Stop Loss: 90,000 (Above resistance)
Take Profit 1: 82,000 (First support)
Take Profit 2: 79,000 (Key target)
Market Structure & Analysis:
BTC is approaching strong resistance near 86K.
Price is expected to reject and retrace toward 82K & 79K.
If resistance holds, a bearish move is likely.
A break above 90K invalidates this setup.
This setup offers a risk-reward balance, ideal for a short-term bearish play. Always use proper risk management!
Entry Zone: Near resistance around 85,848
Trade Idea: Short Position
Sell Entry: Near 85,848
Stop Loss: 90,000 (Above resistance)
Take Profit 1: 82,000 (First support)
Take Profit 2: 79,000 (Key target)
Market Structure & Analysis:
BTC is approaching strong resistance near 86K.
Price is expected to reject and retrace toward 82K & 79K.
If resistance holds, a bearish move is likely.
A break above 90K invalidates this setup.
This setup offers a risk-reward balance, ideal for a short-term bearish play. Always use proper risk management!
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.