· We enter a SHORT position at the market, around 89,671. · To manage risk, we place a Stop Loss just above the flag and trendline at 90,631. · We then target a breakdown from this consolidation box.
We have two logical profit targets:
· TP1 at 87,790, which is the initial measured move of the flag. · TP2 at 86,109, which aligns with a stronger, previous support level.
The rationale is simple: a sustained break below the lower boundary of this flag signals the resumption of the prior downtrend, with momentum likely carrying it toward our targets.
We'll be watching for that breakdown candle for confirmation."
---
Image Description / Visual Aid
To accompany this speech, show a clean, annotated chart similar to the one referenced. The ideal visual would have:
1. Main Chart: A 1-hour candlestick chart for BTC/USD from TradingView. 2. Key Annotations: · A red, descending trendline drawn along the recent swing highs. · A rectangular box or parallel lines highlighting the "Bear Flag" consolidation area. · Clear Markers: · ENTRY (SHORT): Labeled with a down arrow near the current price (~$89,671). · STOP LOSS (SL): A horizontal line and label at $90,631, placed above the trendline. · TAKE PROFIT 1 (TP1): A horizontal line and label at $87,790. · TAKE PROFIT 2 (TP2): A horizontal line and label at $86,109. 3. Text Overlay: A brief, bold header: "BTC/USD: Bear Flag Breakdown Setup". 4. Data Box: A corner showing key details: Symbol (BTC/USD), Exchange (Bitstamp), Timeframe (1H), and current price change #BinanceBlockchainWeek #TrumpTariffs #BinanceAlphaAlert $BTC