BTCST is currently hovering around a crucial order block zone, which has been a sweep and go area in the past, and I'm watching it closely as it tests the 5.35 level. The high-time frame is bearish, and with an RSI of 21, it's clear that the momentum is still with the bears. The volume is relatively low at 0.4x, which could indicate a lack of conviction from the bulls.
From a technical analysis perspective, the SMC Score of 3.1/10 suggests that the market is due for a reversal, but the bears are still in control. The fact that we're seeing a bearish HTF and a low RSI indicates that the downside momentum is still strong.
Here are the trade levels:
- Entry: 5.66
- TP1: 5.4214 (RR 4.6x)
- TP2: 5.0636 (RR 11.6x)
- SL: 5.7114
I'm shorting $BTCSTUSDT with a target of 5.4214, managing my risk accordingly. The OB zone is key here, and I'm expecting a bounce or a break of this level to dictate the next move.
Followers, keep an eye on this trade and remember to manage your risk.
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