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BTC 4-hour bearish signal 95%, what are you waiting for?
$BTC /USDT - SHORT sell
Trading plan:
Entry: 64444 – 64534
SL: 64920
TP1: 64166
TP2: 63951
TP3: 63628
Why focus on this structure?
- The 1D trend is clearly bearish; the 4-hour bearish signal is 95%, with clear EMA suppression.
- 15-minute RSI is 69.82, close to the overbought zone; weak rebounds are the entry timing.
- Current price is 64489; the short targets TP1 64166, TP2 63951; stop loss 64920; the risk-reward ratio is excellent.
Discussion:
Will this leg of bearish pressure hit TP2 first, or is it a bull trap reversal? Where do you set your stop loss?