Shorting BTCUSD After Trendline Failure & Bearish RetestPlanning to short BTCUSD as price has rejected from the descending trendline resistance after breaking the minor ascending trendline support. The confluence of trendline rejection and bearish retest suggests potential downside continuation.
Entry Zone: ~107,300–107,350
Stop-Loss: Above 107,550 (recent high)
Target: 106,550 support area
Risk-to-Reward Ratio: ~1:2 (Min) 1:4 (Final Target)
Quote:
"Trendline confluence and failed bullish continuation often lead to deeper pullbacks."
📊 Summary of the Idea
✅Reason for Entry: Multiple rejections at trendline + structure breakdown.
✅Confirmation: Retest rejection candle.
✅Invalidation: A clean breakout and hold above the descending trendline.
