BTCUSD has broken below a key support level with strong bearish momentum on the daily chart.
I am anticipating further downside with the following trade setup:
Entry: 112,400
Stop Loss: 113,800
Target: 110,000
Resistance Area: 113,300 – 113,800
Support Zone: 109,500 – 110,000
This is a clean short setup based on price action and breakdown structure. Risk-to-reward is favorable (approx. 1:1.7).
A retest of the broken support could offer a better entry.
📉 Bearish Bias
📊 Timeframe: Daily
🧠 Always manage your risk!
I am anticipating further downside with the following trade setup:
Entry: 112,400
Stop Loss: 113,800
Target: 110,000
Resistance Area: 113,300 – 113,800
Support Zone: 109,500 – 110,000
This is a clean short setup based on price action and breakdown structure. Risk-to-reward is favorable (approx. 1:1.7).
A retest of the broken support could offer a better entry.
📉 Bearish Bias
📊 Timeframe: Daily
🧠 Always manage your risk!
Trade closed manually
close all trades
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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.