$BTC/USDT 12h (#Bybit) Ascending trendline retest

Bitcoin just printed a shooting star like 6 months ago, which is a reversal candlestick.
Also, we got a bearish divergence on RSI, this could finally lead to a retracement down to 100EMA.

⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (7.0X)
Amount: 6.8%

Current Price:
23776.0

Entry Zone:
23809.5 - 24317.5

Take-Profit Targets:
1) 22860.5
2) 21954.5
3) 21049.0

Stop Targets:
1) 25070.0

Published By: @TradingOn

Trade chiuso: obiettivo raggiunto:

🎯TP1 with +35.0% (7x) and +1.2R

Bitcoin got rejected on $24k supply zone as planned and went for first target.
SL adjusted above entry to secure the trade after partially taking profit!

Trade chiuso: obiettivo raggiunto:

🎯TP2 reached with +61.4% (7x) and +2.1R

Bitcoin lost local support and continued with the retracement down.
Now heading towards final target, SL adjusted below entry to secure the trade!

#BTCUSDT #XBT #PoW

Trade chiuso manualmente:

Remaining position closed with +7.4% (7x) and +0.25R

Bitcoin bounced before reaching final target and went all the way back to supply zone, kicking us out.