📉🔻
🔹 Asset: BTC/USD (Bitstamp)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Rising Wedge Breakdown + Lower High Rejection
📊 Trade Plan (Short Position)
✅ Entry: $87,786
✅ Stop-Loss (SL): $88,325
✅ Target 1 (TP1): $86,981
✅ Target 2 (TP2): $86,563
📊 Risk-Reward Breakdown
📉 Risk = $88,325 - $87,786 = $539
📈 Reward to TP1 = $87,786 - $86,981 = $805 → R/R ≈ 1.49:1
📈 Reward to TP2 = $87,786 - $86,563 = $1,223 → R/R ≈ 2.27:1
🔍 Technical Summary
📌 Rising Wedge Breakdown: Clean break below structure
📌 Lower High Rejection: Price failed to sustain above
88K
📌 Smart SL Placement: Above local resistance
📌 High Probability Zone: TP1 and TP2 aligned with previous support levels
⚙️ Trade Management Plan
🛑 SL at $88,325
🔁 Move SL to breakeven at TP1
📉 Trail SL downward after TP1 for TP2
💸 Partial Booking:
50% at TP1 = $86,981
50% at TP2 = $86,563
❌ Invalidation Criteria
Price closes above $88,325
Bullish engulfing near wedge resistance
🔻 Final Thoughts
✅ Tight risk with solid reward potential
✅ 2.27:1 R/R to TP2
✅ Clean breakdown + bearish structure for smart short entry
🔹 Asset: BTC/USD (Bitstamp)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Rising Wedge Breakdown + Lower High Rejection
📊 Trade Plan (Short Position)
✅ Entry: $87,786
✅ Stop-Loss (SL): $88,325
✅ Target 1 (TP1): $86,981
✅ Target 2 (TP2): $86,563
📊 Risk-Reward Breakdown
📉 Risk = $88,325 - $87,786 = $539
📈 Reward to TP1 = $87,786 - $86,981 = $805 → R/R ≈ 1.49:1
📈 Reward to TP2 = $87,786 - $86,563 = $1,223 → R/R ≈ 2.27:1
🔍 Technical Summary
📌 Rising Wedge Breakdown: Clean break below structure
📌 Lower High Rejection: Price failed to sustain above
88K📌 Smart SL Placement: Above local resistance
📌 High Probability Zone: TP1 and TP2 aligned with previous support levels
⚙️ Trade Management Plan
🛑 SL at $88,325
🔁 Move SL to breakeven at TP1
📉 Trail SL downward after TP1 for TP2
💸 Partial Booking:
50% at TP1 = $86,981
50% at TP2 = $86,563
❌ Invalidation Criteria
Price closes above $88,325
Bullish engulfing near wedge resistance
🔻 Final Thoughts
✅ Tight risk with solid reward potential
✅ 2.27:1 R/R to TP2
✅ Clean breakdown + bearish structure for smart short entry
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.