Sell/Short BTC:


(Trade Setup: Short BTCUSDT (Bitcoin)
Entry Point: 104,200 – 104,400 USDT
Stop Loss: 106,000 USDT
Take Profit: 100,500 USDT
Risk-Reward Ratio: ~1.9:1
Rationale:
RSI (60min) at 39.37 indicates weak momentum; price is trending below the VWAP.
ADX remains low (26.6), suggesting a weak trend but bearish momentum is intensifying.
Momentum (Mom) and AO on both daily and hourly are deeply negative.
Price is now under EMA20, EMA50, and converging with EMA100, implying increasing downside pressure.
High-volume selloffs visible recently.
#Bitcoin#
BTC-0.32%
ADX0.99%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)