BTC - Short Range idea 
2025-02-06
Category: None

📊  CRYPTOCAP:BTC  Educational Trade Setup 📊 

**HIGH RISK TRADE**

I’ve just entered a short trade for  CRYPTOCAP:BTC  with the following setup:

**Entry Points:** $99k (first entry), $88,500 (second entry)  
**Target (TP1):** $96,300

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**Why I Took This Trade**

✅ **Strong Resistance Levels:**  
The $99k range is a significant resistance area where previous price action has shown a rejection. With this, I’m expecting a pullback toward $96,300.

✅ **Bearish Momentum Indicators:**  
• **EMA Rejection:** Price is struggling to maintain momentum above the $99k resistance, indicating potential for a downward move.  
• **RSI Divergence:** The RSI shows signs of bearish divergence, suggesting a potential reversal from this level.

✅ **Risk-to-Reward Opportunity:**  
The trade provides a solid risk-to-reward ratio with a clear target of $96,300, while keeping the risk managed at the entry points.

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**Catalyst**  
• Rejection at $99k could lead to a correction toward the $96,300 support.  
• Current price action and momentum indicators suggest a weakening bullish trend, making this a prime opportunity for a short.

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📢 **Disclaimer:** This is not financial advice. Always do your own research before trading. Markets can be volatile, so only risk what you can afford to lose!