Entry: Shorting $BTC at current levels.
The Strategy:
Overextended Move: Price pushed aggressively higher without any healthy retracement.
Key Resistance: We are hitting a major supply zone where sellers are likely to defend.
Sentiment Trap: retail is FOMOing into green candles, setting up a classic liquidity trap.
Risk Management: Never buy the top of a pump. Shorting resistance offers a much better risk-to-reward ratio here.
TP: $59,900
SL: $63,500
$BTC #Write2Earn
The Strategy:
Overextended Move: Price pushed aggressively higher without any healthy retracement.
Key Resistance: We are hitting a major supply zone where sellers are likely to defend.
Sentiment Trap: retail is FOMOing into green candles, setting up a classic liquidity trap.
Risk Management: Never buy the top of a pump. Shorting resistance offers a much better risk-to-reward ratio here.
TP: $59,900
SL: $63,500
$BTC #Write2Earn