🚀||| 👆Your Boost is appreciated in Advance👆 |||🚀
Thesis: Bitcoin is trading within a well-defined descending channel, potentially forming a bear flag on the higher time frame. Price is currently hovering just below the key resistance zone near $108,600 (“The Edge”), failing to reclaim the upper boundary of the flag.
==================================================================
Entry: 🔻 Short at $106,850 – Price is rejecting the upper channel resistance and failing to break above “The Edge”
Stop-Loss: 🔺 $109,000 – Above the recent swing high and invalidation of the flag structure
Take-Profit 1: ✅ $104,700 🎯
Take-Profit 2: ✅ $102,400 🎯
Optional extended:
TP4: $98,000 – Full measured move of the flag breakdown
Risk-Reward Ratio: ~1:1 to 1:4 depending on target
====================================================================
#MJTrading
#BTCUSD #Bitcoin #CryptoTrading #ShortSetup #BearFlag #TechnicalAnalysis #PriceAction #MarketStructure #SwingTrade #TradingView
Thesis: Bitcoin is trading within a well-defined descending channel, potentially forming a bear flag on the higher time frame. Price is currently hovering just below the key resistance zone near $108,600 (“The Edge”), failing to reclaim the upper boundary of the flag.
==================================================================
Entry: 🔻 Short at $106,850 – Price is rejecting the upper channel resistance and failing to break above “The Edge”
Stop-Loss: 🔺 $109,000 – Above the recent swing high and invalidation of the flag structure
Take-Profit 1: ✅ $104,700 🎯
Take-Profit 2: ✅ $102,400 🎯
Optional extended:
TP4: $98,000 – Full measured move of the flag breakdown
Risk-Reward Ratio: ~1:1 to 1:4 depending on target
====================================================================
#MJTrading
#BTCUSD #Bitcoin #CryptoTrading #ShortSetup #BearFlag #TechnicalAnalysis #PriceAction #MarketStructure #SwingTrade #TradingView
交易進行
Position activated...註釋
TP1 loading...
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。