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$BTC /USDT - Short Setup
Market Analysis:
The chart shows BTCUSDT on a 15-minute timeframe hitting a local resistance level after a significant upward rally. The red "Short" position tool is active, indicating a rejection at the 79,022.1 mark. A downward arrow suggests a trend reversal or a corrective pullback following the recent 3.49% surge. With the price currently hovering around 78,820.9, the momentum appears to be shifting toward the downside as buyers lose steam at these highs.
Execution Plan:
Entry Point 1: 79,022.1 (Primary resistance entry)
Entry Point 2: 78,945.5 (Conservative secondary entry)
Stop Loss: 79,528.3
Profit Targets:
Take Profit 1: 78,250.0
Take Profit 2: 77,800.0
Take Profit 3: 77,475.6#nimistark
Market Analysis:
The chart shows BTCUSDT on a 15-minute timeframe hitting a local resistance level after a significant upward rally. The red "Short" position tool is active, indicating a rejection at the 79,022.1 mark. A downward arrow suggests a trend reversal or a corrective pullback following the recent 3.49% surge. With the price currently hovering around 78,820.9, the momentum appears to be shifting toward the downside as buyers lose steam at these highs.
Execution Plan:
Entry Point 1: 79,022.1 (Primary resistance entry)
Entry Point 2: 78,945.5 (Conservative secondary entry)
Stop Loss: 79,528.3
Profit Targets:
Take Profit 1: 78,250.0
Take Profit 2: 77,800.0
Take Profit 3: 77,475.6#nimistark
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