BTCUSD, 15-minute timeframe chart
BTCUSD retested the resistance level of 95200
👉General outlook
BTCUSD has been trading in a sideways market for the last couple of hours. The pair moved down to the resistance level of 95200.
👉Possible scenario
The best way to use this opportunity is to place a sell order at 95000
Set your stop loss at 95500 below the previous low ($5.00 loss for 0.01 lot) and take profit at 94000 ($10.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.