🚨 Bitcoin Short Setup Alert! 🚨
Bitcoin bounced off the 200 DMA (~$78K) but faces resistance at $92K. The 3-day Supertrend has turned red, indicating potential downside.
Trade Setup:
• Entry: $91.7K - $92.2K
• Stop Loss: $110.6K
Targets:
• $82.3K (25%)
• $69.8K (25%)
• $51.615K (25%)
• $33.1K (25%)
A close above $92.2K increases upside risk; above $110.6K invalidates this setup. Exercise caution and manage risk.
#Bitcoin #BTC #Crypto #Trading
Bitcoin bounced off the 200 DMA (~$78K) but faces resistance at $92K. The 3-day Supertrend has turned red, indicating potential downside.
Trade Setup:
• Entry: $91.7K - $92.2K
• Stop Loss: $110.6K
Targets:
• $82.3K (25%)
• $69.8K (25%)
• $51.615K (25%)
• $33.1K (25%)
A close above $92.2K increases upside risk; above $110.6K invalidates this setup. Exercise caution and manage risk.
#Bitcoin #BTC #Crypto #Trading
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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.
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.