This is a Bitcoin (BTC/USD) trading setup on a 30-minute timeframe from TradingView. Here's a breakdown of the analysis:
📌 Entry Price: 84,375
📌 Stop Loss: 85,500 (Red Zone - Risk Area 🚨)
📌 Take Profit Levels:
TP1: 83,429
TP2: 82,640
Final Target: 81,259
🔍 Analysis:
The trader is setting up a short position (expecting BTC to decline).
Risk-to-Reward Ratio (RRR) seems favorable, as the target is much lower than the stop loss.
If BTC drops below 83,429, further declines toward 81,259 are expected.
If BTC breaks above 85,500, the trade is invalidated.
🛑 Conclusion:
A bearish trade setup looking for BTC to decline. 📉
Watch for confirmation of downward movement before entering.
📌 Entry Price: 84,375
📌 Stop Loss: 85,500 (Red Zone - Risk Area 🚨)
📌 Take Profit Levels:
TP1: 83,429
TP2: 82,640
Final Target: 81,259
🔍 Analysis:
The trader is setting up a short position (expecting BTC to decline).
Risk-to-Reward Ratio (RRR) seems favorable, as the target is much lower than the stop loss.
If BTC drops below 83,429, further declines toward 81,259 are expected.
If BTC breaks above 85,500, the trade is invalidated.
🛑 Conclusion:
A bearish trade setup looking for BTC to decline. 📉
Watch for confirmation of downward movement before entering.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
join my tellegram channel
t.me/JaMesGoldFiGhteR786
join my refferal broker
xmglobal.com/referral?token=S4yGyqPUmU9uAANtb_YUoA
t.me/JaMesGoldFiGhteR786
join my refferal broker
xmglobal.com/referral?token=S4yGyqPUmU9uAANtb_YUoA
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.