A clean 1:3 R:R short setup โ BOS confirmed, minor inducement tapped, and price is dancing at the order block. Will Dogecoin slide to our TP or bounce to hit SL first? ๐
Take Profit or Stop Loss? ๐ฅ A clean 1:3 R:R setup on BTC/USDT โ price just tapped into the order block after a BOS, minor inducement in play. ๐ Will the bears push it down to our TP, or will liquidity grab wipe us out first? ๐ค
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๐ BTC primed for a 2% bounce โ are you in or out?
Bitcoin is eyeing a retrace back into the Order Block (~115,050). If price reacts strongly, we could see a push straight toward the $116,950 swing high within the next 24 hours.
Price is still on its way down โ not yet tapped the 5-min Order Block (~115,100). If we see a clean reaction from that zone, the next target is clear: $116,940 (swing high of structure).
The Bitcoin/TetherUS perpetual contract on Binance experienced a sharp drop around 9 PM. This chart shows a potential shorting opportunity based on the price action.
Trade Setup: Sell Limit
- Entry: 105,800.0 โ - Stop Loss (SL): 106,000.0 โ - Take Profit (TP): 104,900.0 (Aim for a reasonable profit target based on your risk tolerance.)
Question: What are your thoughts on this short setup? Do you see this price action continuing, or is a bounce likely? Share your analysis and trade plans in the comments below!