$BTR Alert: Gravity is Calling! Short Setup Activated 🛑
The parabolic run on $BTR (Bitlayer) is showing major signs of exhaustion. ⚠️ After an explosive rally of over 150% in the last month, the price is hitting a critical resistance ceiling. The vertical move is unsustainable, and we are seeing a classic "buying climax" structure where smart money begins to distribute.
The Logic:
🛑 Overheated Structure: The RSI is screaming "overbought" on higher timeframes. Vertical pumps like this almost always face a mean reversion correction.
📉 Resistance Rejection: Sellers are stepping in heavy around the 0.170 region, capping the upside.
💸 Profit Taking: With such massive gains in a short period, a wave of profit-taking is inevitable, which will drive the price down to test support levels.
🎯 Trade Setup (Short):
Entry: Current Market Price (approx. 0.165 - 0.168)
🚫 Stop Loss (SL): 0.180 (Note: Corrected from the likely typo of 0.018 in the image to a logical level above resistance).
✅ Take Profit 1: 0.140
✅ Take Profit 2: 0.120 📉
⚠️ Risk Warning: Counter-trend trading against a pump is risky. Use strict risk management and low leverage.
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Trade $BTR here 👇
