Bitcoin / TetherUSShort
Shorting BTC/USD on 1h TF: Distribution Pattern Identified 🚀🚀
After analyzing the BTC/USD 1-hour timeframe, I have identified a distribution pattern that suggests a potential reversal. Therefore, I plan to enter a short position with a sell limit order at 26989, a stop loss at 29066.48, and a take profit at 18982.39. The risk-reward ratio for this trade is very attractive, providing a good opportunity for profit.
Chart: BTC/USD 1h
Entry: Sell limit at 26989
Stop loss: 29066.48
Take profit: TP #1: 18982.39
TP #2: 15524.43
Remember to stay disciplined and follow your trading plan. Best of luck with your trade on BTC/USD!
Chart: BTC/USD 1h
Entry: Sell limit at 26989
Stop loss: 29066.48
Take profit: TP #1: 18982.39
TP #2: 15524.43
Remember to stay disciplined and follow your trading plan. Best of luck with your trade on BTC/USD!
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