BTCUSDT BEARISH H1 - Sep 3
Updated
📢 Signal: SELL BTC/USDT 📉
Entry Price: 59167.61🔍
TP1: 58341.67 🎯
TP2: 57466.10 🎯
TP3: 56068.57 🎯
SL: 59521.20 ⛔️
💡 Ensure proper risk management when following signals!
💬 Comment:
"
Selling Rationale:
Price Exhaustion: The recent rally in BTC/USDT appears to be losing steam, suggesting that the upward momentum is fading and a correction may be imminent.
Key Resistance Zone: The price is near a strong resistance level, which has previously acted as a ceiling, increasing the likelihood of a reversal.
Entry Point Reasoning:
Strategic Positioning: Entering at 59033 takes advantage of the anticipated resistance at this level, positioning the trade to capitalize on a potential downward move as sellers gain control.
Profit Target Strategy:
TP1 (58341): A conservative target to secure early gains from an expected initial dip.
TP2 (57466): A more ambitious target that looks to capture a larger portion of the expected decline as the price potentially moves lower.
TP3 (56068): A deep target aimed at benefiting from a significant bearish move, allowing for maximum profit if the trend continues downward.
Stop Loss Placement:
SL at 59386: Carefully placed just above the resistance level, this stop loss minimizes potential losses while providing enough room for typical market fluctuations before a reversal.
The box I highlighted on the chart is from the M15 time frame, showing a minor trigger. I believe it's a solid spot to join this rally."
mr_bombastic_signal
Entry Price: 59167.61🔍
TP1: 58341.67 🎯
TP2: 57466.10 🎯
TP3: 56068.57 🎯
SL: 59521.20 ⛔️
💡 Ensure proper risk management when following signals!
💬 Comment:
"
Selling Rationale:
Price Exhaustion: The recent rally in BTC/USDT appears to be losing steam, suggesting that the upward momentum is fading and a correction may be imminent.
Key Resistance Zone: The price is near a strong resistance level, which has previously acted as a ceiling, increasing the likelihood of a reversal.
Entry Point Reasoning:
Strategic Positioning: Entering at 59033 takes advantage of the anticipated resistance at this level, positioning the trade to capitalize on a potential downward move as sellers gain control.
Profit Target Strategy:
TP1 (58341): A conservative target to secure early gains from an expected initial dip.
TP2 (57466): A more ambitious target that looks to capture a larger portion of the expected decline as the price potentially moves lower.
TP3 (56068): A deep target aimed at benefiting from a significant bearish move, allowing for maximum profit if the trend continues downward.
Stop Loss Placement:
SL at 59386: Carefully placed just above the resistance level, this stop loss minimizes potential losses while providing enough room for typical market fluctuations before a reversal.
The box I highlighted on the chart is from the M15 time frame, showing a minor trigger. I believe it's a solid spot to join this rally."
mr_bombastic_signal
Note
🔥TP1 reached ✅Note
🔥TP2 reached ✅Trade closed: target reached
🔥TP3 reached ✅
We've just hit TP3 with an impressive 1:8 risk-to-reward ratio! Great work, everyone—let’s keep the momentum going!
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