breakdown for your BTC/USDT trade setup with improved clarity and precision:
Trade Plan
Entry Point: $84,000 (Sell Entry)
Stop Loss (SL): Above $86,000 (to account for volatility and possible fakeouts)
Targets
Target 1: $81,000
Target 2: $79,200
Final Target: $76,700 (near the key support zone)
Key Resistance Levels
First Resistance: $84,000 (your entry zone)
Second Resistance: $85,000 (potential fakeout region)
Major Resistance Zone: $86,500 - $87,000 (significant reversal zone)
Key Support Levels
First Support: $81,000
Second Support: $79,200
Major Support Zone: $76,700 (final target/demand zone)
Chart Strategy
Price has broken the ascending trendline, indicating a strong bearish sentiment.
A retracement to $84,000 for a sell entry aligns with previous structure zones.
The highlighted pink zone suggests a demand area, ideal for your final target.
If you’d like an updated Fibonacci retracement, trendline adjustment, or additional technical insights, let me know!