📊 
BTC Educational Trade Setup 📊
**HIGH RISK TRADE**
I’ve just entered a short trade forBTC with the following setup:
**Entry Points:** $99k (first entry), $88,500 (second entry)
**Target (TP1):** $96,300
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**Why I Took This Trade**
✅ **Strong Resistance Levels:**
The $99k range is a significant resistance area where previous price action has shown a rejection. With this, I’m expecting a pullback toward $96,300.
✅ **Bearish Momentum Indicators:**
• **EMA Rejection:** Price is struggling to maintain momentum above the $99k resistance, indicating potential for a downward move.
• **RSI Divergence:** The RSI shows signs of bearish divergence, suggesting a potential reversal from this level.
✅ **Risk-to-Reward Opportunity:**
The trade provides a solid risk-to-reward ratio with a clear target of $96,300, while keeping the risk managed at the entry points.
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**Catalyst**
• Rejection at $99k could lead to a correction toward the $96,300 support.
• Current price action and momentum indicators suggest a weakening bullish trend, making this a prime opportunity for a short.
---
📢 **Disclaimer:** This is not financial advice. Always do your own research before trading. Markets can be volatile, so only risk what you can afford to lose!
BTC Educational Trade Setup 📊 **HIGH RISK TRADE**
I’ve just entered a short trade for
BTC with the following setup:**Entry Points:** $99k (first entry), $88,500 (second entry)
**Target (TP1):** $96,300
---
**Why I Took This Trade**
✅ **Strong Resistance Levels:**
The $99k range is a significant resistance area where previous price action has shown a rejection. With this, I’m expecting a pullback toward $96,300.
✅ **Bearish Momentum Indicators:**
• **EMA Rejection:** Price is struggling to maintain momentum above the $99k resistance, indicating potential for a downward move.
• **RSI Divergence:** The RSI shows signs of bearish divergence, suggesting a potential reversal from this level.
✅ **Risk-to-Reward Opportunity:**
The trade provides a solid risk-to-reward ratio with a clear target of $96,300, while keeping the risk managed at the entry points.
---
**Catalyst**
• Rejection at $99k could lead to a correction toward the $96,300 support.
• Current price action and momentum indicators suggest a weakening bullish trend, making this a prime opportunity for a short.
---
📢 **Disclaimer:** This is not financial advice. Always do your own research before trading. Markets can be volatile, so only risk what you can afford to lose!
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.