$BTC — Support Test | Short-Term Breakdown Play
BTC is testing a key support zone and price action remains heavy below recent highs. If this level fails to hold, a deeper corrective move can unfold quickly. This is a sell-the-weakness / breakdown continuation setup with fast profit-taking.
Entry Zone:
87,500 – 88,000
Stop Loss (SL):
• Tight invalidation above recent swing high
• 89,500 – 90,000 (strong breakout = setup invalid)
Take Profit Levels (scale out aggressively):
• TP1: 86,500 – 87,000
→ Key demand zone low
→ Take 40–50% (~1.5–2.5% move)
• TP2: 85,000 – 85,700
→ Psychological + structural support
→ Take ~30%
• TP3: 83,000 – 84,000
→ Deeper correction / liquidity sweep
→ Trail remainder or full exit
Risk / Reward:
Targeting 1:2+ R:R
(e.g. ~3% risk for potential 6–10% downside)
Trade management is key here — take profits fast, protect capital, and don’t overstay if support reclaims strongly.
