BTCUSD 4H chart setup for trading

BTCUSD 4H chart setup we shared, here’s a suggested trade idea with Take Profits (TPs) and Stop Loss (SL):


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Trade Type: Sell (Short)

Entry Zone: Around 106,350 – 106,375

This is near the "Entry" label in the chart after price taps into the Fair Value Gap (FVG) zone.

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Stop Loss (SL): Above 108,400

Place the SL slightly above the Order Block (OB) or the recent swing high to give room for volatility.

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Take Profit Levels (TPs)

TP1: 102,800 (First support zone, safe target)
TP2: 100,000 (Psychological level and mid-structure support)

TP3: 96,997 (Major target shown on your chart)
TP4: 95,000 – 94,300 (Final target based on the long descending wedge pattern and your “Target” label)