BTC/USD Bearish Trade Setup | CHoCH Confirmation | 1:2 RR
This analysis highlights a bearish trade setup on BTC/USD, following a Change of Character (CHoCH), signaling a potential trend reversal to the downside. The price structure suggests a retracement to a supply zone before continuing the bearish momentum.
This trade is structured to capitalize on a retracement before a bearish continuation, aligning with market structure shifts. The CHoCH breakout confirms the transition to a bearish bias, making this an optimal trade with a favorable risk-reward ratio.
- Entry Price: 96,302 (Expected pullback zone)
- Take Profit (TP): 94,102 (Key support level, potential demand zone)
- Stop Loss (SL): 97,402 (Above recent high for protection)
- Risk-to-Reward Ratio: 1:2 (Aiming for twice the risked amount)
This trade is structured to capitalize on a retracement before a bearish continuation, aligning with market structure shifts. The CHoCH breakout confirms the transition to a bearish bias, making this an optimal trade with a favorable risk-reward ratio.
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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.