🚨 $BTC SHORT Position Update! Risk Management is KEY 📉
The bearish trade on $BTC is in play, and the Stop-Loss (SL) has been strategically set to protect the capital on this high-leverage move.
Trade Status:
* Direction: SHORT (Bearish)
* Leverage: Cross 20x
* Entry Price: $86,151.00
* Mark Price: \approx 85,729.00
* Current PNL/ROI: \approx +0.25 \text{ USDT} / +2.01\% (Trade is currently profitable)
* Stop-Loss (SL) Set at: $86,568.00
Analysis:
The short position is capitalizing on the recent downside movement in $BTC The tight SL at 86,568.00 minimizes potential losses against the high 20x leverage, ensuring that if the market reverses, the maximum loss is managed.
Technical analysis suggests that in the short term, Bitcoin is in a falling trend channel with support around $84,000. A short-term downside target of $70,000 has also been suggested by some analysts.
Let's see if the price can continue its push lower toward the next support levels!
Disclaimer: Trading futures with 20x leverage is extremely high-risk. This is for social sharing only and is not financial advice. Always DYOR and manage your risk.
What support level are you targeting for profit-taking? Let me know! 👇
