$BTC /USDT Trading Signal – Short Opportunity 🎯
Current Price: $93,437.53 (-2.68%)
Signal: Short Position
Entry Range: $93,450 - $93,700
Take Profit Levels:
🎯 TP1: $93,000
🎯 TP2: $92,500
🎯 TP3: $91,800
Stop Loss: $94,200
Technical Observations:
Bearish Momentum: $BTC is trading below the 25 EMA and 99 EMA, indicating a continuation of the downtrend.
Resistance Zone: The 94,200 level has shown strong resistance in the past, providing a favorable risk-to-reward for short positions.
Support Levels: Initial support lies at $93,000, with deeper targets aligning with $91,800 based on current market structure.
Actionable Advice:
Monitor the price closely for entry within the specified range. Secure profits at incremental targets while adhering to the stop-loss level for risk management.
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