The current BTC/USDT setup on the 4-hour timeframe continues to reflect a bearish structure, characterized by consistent lower highs and lower lows, indicating sustained downward momentum.
The chart identifies a Sell Stop entry at $102,886.86, strategically placed just below a recent support level. This allows the short position to activate only if price confirms further bearish continuation.
The trade plan is defined as follows:
Sell Stop: $102,886.86
Stop Loss (SL): $106,060.00 – placed above the recent swing high for risk protection
Take Profit 1 (TP1): $100,146.42 – the first support zone where a bounce could occur
Take Profit 2 (TP2): $98,451.67 – targeting a deeper extension in the prevailing downtrend
The RSI Divergence Indicator shows a reading of 42.53, still above oversold territory but trending downward. Additionally, a prior bearish divergence is marked on the RSI, reinforcing downside expectations.
The overall analysis points to a continuation of the downtrend, with the market expected to break below key support if selling pressure persists. This trade setup offers a favorable risk-reward ratio, provided price action confirms the entry trigger.
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The chart identifies a Sell Stop entry at $102,886.86, strategically placed just below a recent support level. This allows the short position to activate only if price confirms further bearish continuation.
The trade plan is defined as follows:
Sell Stop: $102,886.86
Stop Loss (SL): $106,060.00 – placed above the recent swing high for risk protection
Take Profit 1 (TP1): $100,146.42 – the first support zone where a bounce could occur
Take Profit 2 (TP2): $98,451.67 – targeting a deeper extension in the prevailing downtrend
The RSI Divergence Indicator shows a reading of 42.53, still above oversold territory but trending downward. Additionally, a prior bearish divergence is marked on the RSI, reinforcing downside expectations.
The overall analysis points to a continuation of the downtrend, with the market expected to break below key support if selling pressure persists. This trade setup offers a favorable risk-reward ratio, provided price action confirms the entry trigger.
Let me know if you'd like this idea
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.