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📉 $BTC Short sell trade on BTC (Pending Short)
We are awaiting a decisive break below $65,500, with all bearish trend indicators in place:
📊 Technical entry reasons:
$BTC
· Strong rejection from SMA20 at $65,627 at the time of open.
· Major moving averages (SMA50 at $73,241 and SMA200 at $77,293) remain well above the price, confirming a lack of bullish momentum.
· The ADX indicator registers at 40.7, reflecting a clear strength of the current downtrend.
⛔ Entry condition (trigger event):
A decisive close of the H4 candle below $65,500.
✅ Trade details:
· Conditional entry: $65,500
· Stop loss: $67,600
· Targets: $62,500 / $61,000 / $59,123
Summary: A very clean technical setup, but pending until the break is confirmed. Adhering to the condition is the key difference between profit and loss. 🛑