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#BTC Bearish Rejection from 114,254 Resistance – Targeting 110,404 Su
Setup Levels
Entry (Sell Zone) 113,800 – 114,200 (confirmation below resistance)
Stop Loss (SL) 114,500 (above resistance)
Take Profit 1 (TP) 112,500
(first support zone)
Take Profit 2 (TP2) 111,500 (intermediatetarget)
Take Profit 3 (TP3)110,404
(major support level)
---
🔎 Idea Summary:
Price rejected from 114,254 resistance, signaling bearish continuation. As long as the market holds below resistance, further downside is expected. Multiple profit targets allow risk management and partial profit-taking along the way.
📈 Bias: Bearish below 114,254
⚖ Risk/Reward: Strong potential with layered TP strategy