BitcoinShort
BTC/USD - 15 mins Sell
Trade Details:
Entry: 101,260.75
Take Profit (TP): 97,736.69
Stop Loss (SL): 102,037.23
Justification for the Short Position:
Key Resistance Zone:
Price has rejected a significant resistance area near 102,000, confirmed by bearish candlestick formations (e.g., long upper wicks). This suggests strong seller dominance.
Break of Structure (BOS):
A BOS occurred, indicating a shift in market momentum to the downside, aligning with bearish sentiment.
Entry: 101,260.75
Take Profit (TP): 97,736.69
Stop Loss (SL): 102,037.23
Justification for the Short Position:
Key Resistance Zone:
Price has rejected a significant resistance area near 102,000, confirmed by bearish candlestick formations (e.g., long upper wicks). This suggests strong seller dominance.
Break of Structure (BOS):
A BOS occurred, indicating a shift in market momentum to the downside, aligning with bearish sentiment.
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