Bitcoin
Short

Setup: Entry at $108,658 with Target at $98,815 and Stop Loss at

613
1. Entry Point: 108,658

This is where the trader expects to enter a short position.

Price is projected to reverse near this level.



2. Stop Loss: 110,341

Located above the entry point.

If price hits this level, the short trade is invalidated, limiting losses.



3. Target (Take Profit): 98,815

This is the EA Target Point, about 9,714 points (~8.94%) below the entry.

Represents a favorable risk-reward ratio.





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🔄 Trade Idea Summary

Trade Type: Short (Sell)

Risk: ~1,683 points (110,341 - 108,658)

Reward: ~9,843 points (108,658 - 98,815)

Risk-Reward Ratio: ~1:5.85 (which is strong)



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📊 Technical Indicators in Use

Moving Averages:

Likely 50-period (red) and 200-period (blue) MAs.

The 50 MA is below the price, indicating short-term bullishness.

However, the trade idea goes against this short-term trend, suggesting a reversal strategy.




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🔍 Interpretation & Strategy

This chart implies the trader expects resistance near 108,658, possibly due to historical highs or supply zones.

The bearish outlook expects a significant drop to 98,815, possibly supported by macro patterns (like head & shoulders, or bearish divergence—not shown here but could be inferred).

The purple zones highlight high-probability reversal or reaction areas (support/resistance zones).



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⚠️ Things to Watch

Invalidation: If price closes above 110,341 on a 4H/1D chart, the trade setup fails.

Confirmation: A strong bearish candlestick at or near the entry zone would strengthen the case.

Market Context: News, economic data, or BTC ETF inflows/outflows can quickly invalidate technical setups.

Disclaimer

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