$BTC
📊 Proposed Trade Entry (Short Position - Sell)
Reason for the trade:
· Price is below the Moving Average (MA) at 93,589.39.
· Williams %R is in overbought territory (-4.95), indicating a potential reversal downward.
· Resistance is present near 94,476.00 (visible previous high on the chart).
Suggested Entry Point:
Around 93,000 – 93,500 USDT (after confirmation of a rejection from resistance).
Stop Loss:
Above 94,500 USDT (above the recent high).
Take Profit Targets:
· Target 1: 91,300 USDT (visible support level).
· Target 2: 90,150 USDT (strong support level).
#BTC #7code #Binance #cryptouniverseofficial #analysis
📊 Proposed Trade Entry (Short Position - Sell)
Reason for the trade:
· Price is below the Moving Average (MA) at 93,589.39.
· Williams %R is in overbought territory (-4.95), indicating a potential reversal downward.
· Resistance is present near 94,476.00 (visible previous high on the chart).
Suggested Entry Point:
Around 93,000 – 93,500 USDT (after confirmation of a rejection from resistance).
Stop Loss:
Above 94,500 USDT (above the recent high).
Take Profit Targets:
· Target 1: 91,300 USDT (visible support level).
· Target 2: 90,150 USDT (strong support level).
#BTC #7code #Binance #cryptouniverseofficial #analysis