BTCUSD is showing weakness near the 115300 resistance area on the daily chart. A short setup is forming with entry planned around 113800.
The stop loss is placed slightly above the resistance at 115300, while the target is set at 110000, which aligns with the key support zone around 109200–110000.
If the price fails to reclaim 115300, further downside is expected.
Trade Plan:
🔹 Entry: 113800
🔹 Stop Loss: 115300
🔹 Target: 110000
🔹 Risk/Reward: ~1:2.5
Wait for daily candle confirmation before taking the trade. This is a swing setup based on bearish momentum and resistance rejection.
The stop loss is placed slightly above the resistance at 115300, while the target is set at 110000, which aligns with the key support zone around 109200–110000.
If the price fails to reclaim 115300, further downside is expected.
Trade Plan:
🔹 Entry: 113800
🔹 Stop Loss: 115300
🔹 Target: 110000
🔹 Risk/Reward: ~1:2.5
Wait for daily candle confirmation before taking the trade. This is a swing setup based on bearish momentum and resistance rejection.
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t.me/+1B6Eec7uM9JmYjY0
🟢 Personal Telegram
t.me/William_Bendy
🔴 Disclaimer: Not financial advice.
For educational purposes only.
Related publications
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.
🔵 FREE TELEGRAM CHANNEL:
t.me/+1B6Eec7uM9JmYjY0
🟢 Personal Telegram
t.me/William_Bendy
🔴 Disclaimer: Not financial advice.
For educational purposes only.
t.me/+1B6Eec7uM9JmYjY0
🟢 Personal Telegram
t.me/William_Bendy
🔴 Disclaimer: Not financial advice.
For educational purposes only.
Related publications
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.