BTCUSDT — Possible strategy

💠 $BTC USDT

📌 Possible Strategy: Sell on rejection at resistance (Short)

➡️ Wait for entry pattern:

• The strategy is bearish, betting that the bounce has failed.

• Ideal entry: Sell on a re-test of the EMA(7) (~103,123) as resistance.

📉 Stop Loss:

• A stop could be placed above the EMA(25) (~104,714).

🎯 Take Profit:

• TP1: The minimum of 24h (~100,711).

• TP2: The main minimum (~98,888).

🔄 Alternative scenario:

If $BTC manages to break with volume and close a 12H candle above the EMA(25), the bearish thesis is invalidated.

⛔️ Avoid: Buying (going Long) just after a clear rejection at a major resistance.

📎 #Trading #Bitcoin #CryptoSetups #BinanceSquare #Cripto

BTCUSDT

Perp

70,878.8

+0.17%