BTC is testing overhead supply, with momentum showing signs of exhaustion near resistance.
Plan:
Enter 50% short at the current market price.
Split the remaining 50% into two 25% adds, scaling in if price extends higher — up to the 120,000 zone.
Key Levels:
Near-term resistance: 112,000–115,000
Upper resistance band: 119,700–122,000 (cap near 120,000)
Risk Management:
Stop-loss trigger: Exit the position if a 4-hour candle closes above 120,000 with the body.
Layered entries limit overexposure if BTC spikes higher.
Stops can be trailed down once rejection patterns or lower highs confirm weakness.
Notes:
Reaching 120,000 is considered a lower-probability scenario in the current cycle. The staggered approach balances early exposure with flexibility in case of an extended squeeze.
Disclaimer:
This idea is not financial or trading advice. It is shared strictly for educational purposes. If you choose to trade based on this setup, please apply strict risk management and money management principles.
Plan:
Enter 50% short at the current market price.
Split the remaining 50% into two 25% adds, scaling in if price extends higher — up to the 120,000 zone.
Key Levels:
Near-term resistance: 112,000–115,000
Upper resistance band: 119,700–122,000 (cap near 120,000)
Risk Management:
Stop-loss trigger: Exit the position if a 4-hour candle closes above 120,000 with the body.
Layered entries limit overexposure if BTC spikes higher.
Stops can be trailed down once rejection patterns or lower highs confirm weakness.
Notes:
Reaching 120,000 is considered a lower-probability scenario in the current cycle. The staggered approach balances early exposure with flexibility in case of an extended squeeze.
Disclaimer:
This idea is not financial or trading advice. It is shared strictly for educational purposes. If you choose to trade based on this setup, please apply strict risk management and money management principles.
Trade active
Adding the remaining 50% allocation to the short position as planned.
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.
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.