BTCUSD 1H SHORT SET UP WITH 1:2 RRHello traders, here in BTC after giving good upside rally btc is forming double top formation Trend is strong uptrend still we will try to catch this short setup if it's works my previous set ups works perfectly let's see what happens in this one as well 😉
For shorting one can see if 1h candle close below 92400 with SL 94700 and tp zone of 87000-89000 range. Set is valid only if 1h candle close below 92400 lvl otherwise trade is invalid. Hence wait for the closing. If sl is too big than one can enter at retest if btc come upside.
Have a great weekend 👍🤗
Btcusdsell
Bitcoin Bearish Reversal Setup: Rising Wedge Breakdown Targeting1. Entry Point:
Marked around $86,853, this is where a potential short (sell) trade might have been initiated.
2. Stop Loss:
Placed above $88,783, protecting the trade in case the market goes against the position.
3. Target Point (Take Profit):
Aiming down toward $74,443.76, suggesting a large bearish move is anticipated.
4. EMA Indicators:
30 EMA (Red Line) at ~$84,271: Indicates short-term trend.
200 EMA (Blue Line) at ~$83,496: Indicates long-term trend.
Price is currently trading above the 200 EMA but slightly below the 30 EMA, showing mixed short-term momentum.