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The best-looking bounce is often where smart money starts selling.$BTW Short | 10x
The setup is active, but only while price remains inside the rejection zone.
Trade Plan
Entry: 0.06595 – 0.06649
TP1: 0.06428
TP2: 0.06298
TP3: 0.06104
SL: 0.06881
Why I'm watching this trade:
Price is testing a key resistance area after a relief move, where sellers have previously taken control.
The higher-timeframe structure continues to favor downside unless resistance is broken convincingly.
Trading volume remains elevated, showing active participation rather than a weak pullback.
A rejection from this zone$BTC could open the door for another move toward lower support.
Every setup has an invalidation point. If buyers reclaim the stop-loss area, the bearish thesis is no longer valid.
Would you short this resistance or wait for a confirmed breakout?#PreIPOsSeason2OpenAISubscription