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BTCUSD H16: SHORT IT! TP1 10 600 TP2 10 000 USD(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup ::: BTCUSD 16hour chart review/outlook ::: currently price is stuck in range ::: most likely: DISTRIBUTION ::: get ready to SHORT HIGH ::: get ready for BULL TRAP SETUP ::: later near 12 200 USD ::: that's where you want to SHORT IT ::: 12 000 USD range highs ::: 10 200 USD range lows ::: currently trading near range highs ::: shorting near range highs makes sense ::: short-term bullish / more upside ::: 11 200 USD heavy resistance / SHORT IT ::: TP BEARS is re-test of range lows ::: TP1 10 600 USD TP2 10 000 USD ::: recommended strategy: SHORT IT / SHORT rips/rallies ::: ENTRY NEAR 12 200 USD SL 12 600 USD TP (above) ::: correction not over yet ::: good luck traders! ::: SHORT and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS/10000 USD ::: Sentiment outlook short-term: BULLS