#BTC/USDT 3D (Binance Futures) Ascending channel on resistance

Bitcoin is facing historical supply zone and RSI about to enter overbought territory.
Local top seems near and price may retrace down to 50MA, mid-term.

⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (5.0X)
Amount: 5.5%

Current Price:
51926.9

Entry Targets:
1) 52197.8

Take-Profit Targets:
1) 40814.3

Stop Targets:
1) 57903.8

Published By: @TradingOn

BTC BTCUSDT.P #Bitcoin #PoW #P2P bitcoin.org

Risk/Reward= 1:2.0
Expected Profit= +109.0%
Possible Loss= -54.7%
Estimated Gaintime= 2-4 months

Trade active:

Binance Futures
BTCUSDT.P All entry targets achieved
Average Entry Price: 52197.8 💵

BTC is being rejected on channel resistance so far, that's a start.

Trade closed: stop reached:

Binance Futures
BTCUSDT.P Stop Target Hit ⛔️
Loss: 54.6575% 📉

BTC did not get rejected where we were expected and pushed higher instead.