This BTC/USD 1-hour chart shows a bearish setup with the following elements:
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📉 Chart Analysis Summary
Pattern Type: Sideways consolidation after a downtrend (potential bearish continuation).
Breakout Expectation: A bearish move is anticipated if price breaks below the key support zone.
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📌 Trade Plan
Entry Trigger: Short position below the 104,639.96 level (black horizontal line).
Take Profit Zone: Around 103,000–103,500 marked as “TAKE PROFIT” (purple box).
Stop Loss: Clearly marked at 106,943.76, above recent highs.
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🧠 Price Behavior Insights
Recent strong rejection at ~106,000.
Consolidation between 104,500–105,000.
A breakdown from this consolidation would likely confirm bearish momentum continuation.
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✅ Trade Validity Conditions
Price must close below 104,639.96 on the 1H chart for the short setup to activate.
A move above 106,943.76 invalidates the setup (stop-loss zone).
Would you like a suggested risk-reward ratio or position sizing example based on this setup?
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📉 Chart Analysis Summary
Pattern Type: Sideways consolidation after a downtrend (potential bearish continuation).
Breakout Expectation: A bearish move is anticipated if price breaks below the key support zone.
---
📌 Trade Plan
Entry Trigger: Short position below the 104,639.96 level (black horizontal line).
Take Profit Zone: Around 103,000–103,500 marked as “TAKE PROFIT” (purple box).
Stop Loss: Clearly marked at 106,943.76, above recent highs.
---
🧠 Price Behavior Insights
Recent strong rejection at ~106,000.
Consolidation between 104,500–105,000.
A breakdown from this consolidation would likely confirm bearish momentum continuation.
---
✅ Trade Validity Conditions
Price must close below 104,639.96 on the 1H chart for the short setup to activate.
A move above 106,943.76 invalidates the setup (stop-loss zone).
Would you like a suggested risk-reward ratio or position sizing example based on this setup?
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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.