BTCUSD CONSENSTLY FOLLOW THE DOWN TRADEBTCUSD Trade Alert
1️⃣ Market Trend: BTCUSD has been consistently following a downtrend.
2️⃣ Sell Opportunity: A selling opportunity is identified at the entry level of 97,380.
3️⃣ Technical Confirmation: The price is trading below the EMA50 on the 4H time frame, confirming bearish momentum.
4️⃣ Target Levels:
Target 1: 93,670 🎯
Target 2: 90,820 🎯
5️⃣ Market Sentiment: Bears are in control, pushing prices lower.
6️⃣ Momentum Analysis: Downward pressure continues as BTC struggles to break resistance.
7️⃣ Support & Resistance: Strong resistance near 97,380 and support at 90,820.
8️⃣ Risk Management: Always use a stop-loss to minimize risk.
9️⃣ Stop-Loss Suggestion: Consider placing a stop-loss above 98,500.
🔟 Entry Confirmation: Ensure confirmation before entering the trade.
Additional Insights:
EMA50 Rejection: Price facing resistance at EMA50 signals further downside.
Bearish Signals: Candlestick patterns suggest sellers dominating the market.
Market Structure: Lower highs and lower lows indicate a strong downtrend.
Volume Analysis: Increased selling volume supports a bearish outlook.
Risk-to-Reward Ratio: Favorable risk-reward setup for this trade.
Global Factors: Macroeconomic conditions may add pressure to BTCUSD.
Short-Term vs Long-Term: Short-term traders may take profits at Target 1, while long-term traders can hold for Target 2.
Monitor Market Reactions: Keep an eye on price action near key levels.
Volatility Alert: Expect fluctuations; manage your trade accordingly.
Final Thought: Stick to your strategy and trade with discipline!
Trade Safe & Good Luck!
