The Trade Setup (Short Position)#BTC
Given the strong bearish trend and the EMA resistance cluster overhead, the highest probability setup is a Trend Continuation Short.
Entry Zone (The "Kill Zone")
Wait for a pullback (retracement) into the "Premium" zone where the EMAs are clustered.
Entry Price: $90,400 - $90,950
This area contains the EMA 21 ($90,445), EMA 55 ($90,413), and EMA 100 ($90,930). This creates a dense layer of dynamic resistance (Supply Zone).
Stop Loss (Invalidation)
Price: $92,500
Why? This places your stop above the EMA 100 and the recent consolidation highs. If price breaks above $92,500 with volume, the bearish structure is threatened (Change of Character).
Take Profit (Targets)
TP 1 (Conservative): $88,500 (Recent local lows/consolidation floor).
TP 2 (SMC Target): $84,500 (Targeting the liquidity below the recent swing low).
TP 3 (Swing Target): $80,600 (The major wick low).
