BTC/USD โ Bitcoin โ 30-Min Short Trade Setup !๐๐ป
๐น Asset: BTC/USD (Bitstamp)
๐น Timeframe: 30-Min Chart
๐น Setup Type: Rising Wedge Breakdown + Lower High Rejection
๐ Trade Plan (Short Position)
โ
Entry: $87,786
โ
Stop-Loss (SL): $88,325
โ
Target 1 (TP1): $86,981
โ
Target 2 (TP2): $86,563
๐ Risk-Reward Breakdown
๐ Risk = $88,325 - $87,786 = $539
๐ Reward to TP1 = $87,786 - $86,981 = $805 โ R/R โ 1.49:1
๐ Reward to TP2 = $87,786 - $86,563 = $1,223 โ R/R โ 2.27:1
๐ Technical Summary
๐ Rising Wedge Breakdown: Clean break below structure
๐ Lower High Rejection: Price failed to sustain above FWB:88K
๐ Smart SL Placement: Above local resistance
๐ High Probability Zone: TP1 and TP2 aligned with previous support levels
โ๏ธ Trade Management Plan
๐ SL at $88,325
๐ Move SL to breakeven at TP1
๐ Trail SL downward after TP1 for TP2
๐ธ Partial Booking:
50% at TP1 = $86,981
50% at TP2 = $86,563
โ Invalidation Criteria
Price closes above $88,325
Bullish engulfing near wedge resistance
๐ป Final Thoughts
โ
Tight risk with solid reward potential
โ
2.27:1 R/R to TP2
โ
Clean breakdown + bearish structure for smart short entry