BTCUSD SELL Recommendation – 15-Minute Chart (M15)

Sell on short-term downtrend continuation after a technical pullback near resistance and Fibonacci levels.
🎯 Trade Setup:
Sell Zone: 107,000 – 107,200

Stop Loss (SL): 107,650 – 107,850 (above resistance + Fib 23.6% zone)

Take Profit (TP): 105,500 – 105,700

Risk:Reward Ratio: Approx. 1:2 to 1:2.5 – suitable for short-term scalping/swing

📊 Technical Analysis:
1. Fibonacci & Resistance Confluence:
Price is reacting to the Fibonacci 0.382 level (107,059) – a common retracement level in downtrends.

The zone 107,000 – 107,200 overlaps with historical resistance and previously rejected candles → indicating distribution.

2. Moving Average (MA) Pressure:
Price is trading below the MA, and recent pullbacks failed to break above it.

The most recent bounce was rejected around 107,200, suggesting bearish pressure remains.

3. Volume Analysis:
Volume declined on the pullback, showing weak buying momentum.

Meanwhile, the recent drop came with a high-volume bearish candle → sellers are in control.

4. Target Zone – Support Area:
105,500 – 105,700 is a previous swing low and aligns with the Fibonacci 0.618 – 0.786 zone, making it a strong potential bounce area.

This is a reasonable target before the market decides its next direction.


⚠️ Risk Management Notes:
Look for bearish reversal candlestick patterns (e.g., pin bar, bearish engulfing) in the entry zone for confirmation.

If BTC closes strongly above 107,650, consider the short setup invalidated.

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