BTCUSDT SPOT
Short

BTCUSDT 1H Supply Zone Rejection – Bearish Setup in Play

84
If price fails to reclaim the supply zone, we expect a rejection and drop toward lower demand areas

Price broke market structure previously at 115,201, which now acts as the first major support

🎯 Trade Plan (Sell Idea):
text
Copy
Edit
Entry: Near 116,800–117,000 (within supply zone)
SL: Above 117,300
TP1: 115,201 (support zone)
TP2: 113,600 (high-probability demand zone)
TP3: 113,000 (orange demand base)
Risk:Reward ~ 2:1 to 3:1
🧠 Key Zones:
🔵 Resistance/Supply Zone: 116,800 – 117,300

🔵 Support Zone 1: 115,201

🟠 Strong Demand: 113,000 – 113,600

📌 Notes:
This is a clean reaction setup from a well-defined supply zone using volume profile and price action. Look for confirmation like bearish engulfing or M-pattern on lower TF before shorting.

⚠️ Disclaimer:
This is not financial advice. For educational purposes only. Always do your own analysis and manage risk.

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.