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BTC before it drops below 64,000: the shorts have locked in the target
$BTC /USDT - Short SHORT
Trading plan:
Entry: 64,326.8 – 64,425.4
SL: 64,849.3
TP1: 64,021.2
TP2: 63,784.7
TP3: 63,429.8
Why focus on this structure?
- 4-hour SHORT signal, confidence 95%, the 1D trend is clearly bearish.
- Current price 64,376, EMA is in a bearish alignment, RSI 15m 58.93 hasn’t reached overbought yet, there’s still downside room.
- First target TP1 64,021, second TP2 63,784, stop loss 64,849, the risk-reward ratio is reasonable.
Discussion:
Will this move reach TP2 first, or will it be a bull trap rebound? Have you placed your orders?