Trade Setup: Short BTCUSDT (Bitcoin) Entry Point: 104,200 – 104,400 USDT Stop Loss: 106,000 USDT Take Profit: 100,500 USDT Risk-Reward Ratio: ~1.9:1 Rationale: RSI (60min) at 39.37 indicates weak momentum; price is trending below the VWAP. ADX remains low (26.6), suggesting a weak trend but bearish momentum is intensifying. Momentum (Mom) and AO on both daily and hourly are deeply negative. Price is now under EMA20, EMA50, and converging with EMA100, implying increasing downside pressure. High-volume selloffs visible recently. #Bitcoin
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Sell/Short BTC :(
Trade Setup: Short BTCUSDT (Bitcoin)
Entry Point: 104,200 – 104,400 USDT
Stop Loss: 106,000 USDT
Take Profit: 100,500 USDT
Risk-Reward Ratio: ~1.9:1
Rationale:
RSI (60min) at 39.37 indicates weak momentum; price is trending below the VWAP.
ADX remains low (26.6), suggesting a weak trend but bearish momentum is intensifying.
Momentum (Mom) and AO on both daily and hourly are deeply negative.
Price is now under EMA20, EMA50, and converging with EMA100, implying increasing downside pressure.
High-volume selloffs visible recently.
#Bitcoin