🔍 Bitcoin Price Analysis - Short Setup
A potential short setup is forming on the 15-minute chart:
1️⃣ Entry Point: Below resistance, signaling the start of the short position.
2️⃣ Stop-Loss: Positioned above the resistance zone, ensuring risk management.
3️⃣ Target: A significant downward move to support at $95,833.
📉 The trend shows lower highs, suggesting bearish momentum. If price rejects resistance, we could see a continuation to the downside.
⚠️ Invalidation: If price breaks above the red zone, this short setup is invalid.
What's your take on this setup? Share your thoughts! 💬
A potential short setup is forming on the 15-minute chart:
1️⃣ Entry Point: Below resistance, signaling the start of the short position.
2️⃣ Stop-Loss: Positioned above the resistance zone, ensuring risk management.
3️⃣ Target: A significant downward move to support at $95,833.
📉 The trend shows lower highs, suggesting bearish momentum. If price rejects resistance, we could see a continuation to the downside.
⚠️ Invalidation: If price breaks above the red zone, this short setup is invalid.
What's your take on this setup? Share your thoughts! 💬
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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.