BTCUSDT BEARISH H1 - Sep 3
📢 Signal: SELL BTC/USDT 📉
Entry Price: 59167.61🔍
TP1: 58341.67 🎯
TP2: 57466.10 🎯
TP3: 56068.57 🎯
SL: 59521.20 ⛔️
💡 Ensure proper risk management when following signals!
💬 Comment:
"
Selling Rationale:
Price Exhaustion: The recent rally in BTC/USDT appears to be losing steam, suggesting that the upward momentum is fading and a correction may be imminent.
Key Resistance Zone: The price is near a strong resistance level, which has previously acted as a ceiling, increasing the likelihood of a reversal.
Entry Point Reasoning:
Strategic Positioning: Entering at 59033 takes advantage of the anticipated resistance at this level, positioning the trade to capitalize on a potential downward move as sellers gain control.
Profit Target Strategy:
TP1 (58341): A conservative target to secure early gains from an expected initial dip.
TP2 (57466): A more ambitious target that looks to capture a larger portion of the expected decline as the price potentially moves lower.
TP3 (56068): A deep target aimed at benefiting from a significant bearish move, allowing for maximum profit if the trend continues downward.
Stop Loss Placement:
SL at 59386: Carefully placed just above the resistance level, this stop loss minimizes potential losses while providing enough room for typical market fluctuations before a reversal.
The box I highlighted on the chart is from the M15 time frame, showing a minor trigger. I believe it's a solid spot to join this rally."
mr_bombastic_signal
Entry Price: 59167.61🔍
TP1: 58341.67 🎯
TP2: 57466.10 🎯
TP3: 56068.57 🎯
SL: 59521.20 ⛔️
💡 Ensure proper risk management when following signals!
💬 Comment:
"
Selling Rationale:
Price Exhaustion: The recent rally in BTC/USDT appears to be losing steam, suggesting that the upward momentum is fading and a correction may be imminent.
Key Resistance Zone: The price is near a strong resistance level, which has previously acted as a ceiling, increasing the likelihood of a reversal.
Entry Point Reasoning:
Strategic Positioning: Entering at 59033 takes advantage of the anticipated resistance at this level, positioning the trade to capitalize on a potential downward move as sellers gain control.
Profit Target Strategy:
TP1 (58341): A conservative target to secure early gains from an expected initial dip.
TP2 (57466): A more ambitious target that looks to capture a larger portion of the expected decline as the price potentially moves lower.
TP3 (56068): A deep target aimed at benefiting from a significant bearish move, allowing for maximum profit if the trend continues downward.
Stop Loss Placement:
SL at 59386: Carefully placed just above the resistance level, this stop loss minimizes potential losses while providing enough room for typical market fluctuations before a reversal.
The box I highlighted on the chart is from the M15 time frame, showing a minor trigger. I believe it's a solid spot to join this rally."
mr_bombastic_signal
Note
🔥TP1 reached ✅Note
🔥TP2 reached ✅Trade closed: target reached
🔥TP3 reached ✅
We've just hit TP3 with an impressive 1:8 risk-to-reward ratio! Great work, everyone—let’s keep the momentum going!
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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.