Hope you all caught this trade. As we discussed yesterday the market have respected our key levels such as SMA and Channel. I will soon be posting another article!
Ground Crypto
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🔥BTC Potential SHORT Setup 💲🔥
#BTC #BTC🔥🔥🔥🔥🔥 #short #sellnow #bitcoin
Lets breakdown our #BTC chart!
As of today (Dec 3, 2025) the market has failed to surpass 94k price point which is at a critical level of our channel (blue line) and 70 period SMA. In order for both SMA and Channel structure to be broken the price needs to break the 94k strong resistance level. As of writing this article (about 3h for daily candle to close), although we have seen false breaks of our 94K mark, the market has shown strong rejection so far. Two key points to note here Channel: Strong resistance at 94k mark 70 Period : 4h 70 period SMA indicates a strong resistance at 94k mark. FYI the SMA is indicated with golden line on the chart.
The ideal trade will be to short #BTC from this point onwards. the Ideal SL should be; Tight SL: if your a trader which like to risk as little as possible aim for 94K SL. keep in mind false breaks will be tricky to handle with such tight SL 😉. Fair SL: Fair SL for intraday to mid term holding will be from 95.5k to 97K price point. Depending to your preferred R:R we have 3 TP targets 🤑💵 TP1: 86K 🤑TP2: 81.3K 🤑TP3: 74 to 73K Keep in mind that inorder for TP 2 and 3 to play out, the support formed inside the channel ( indicated by yellow line ) needs to be broken, thus, keep any eye on that level aswel and adjust your tp accordingly. I will be updating this article when the market reaches that price point. Keep in mind traders, ideas are only to serve you as an input for your own analysis. Hence, I have not pinpointed TP and SL to a single price point. You pick Which one severs your strategy right. {spot}(BTCUSDT) For transparency my position is as follows; 🎟️ Entry: 92.9K ⛔ SL: 96K 💲TP1: 86K 💲TP2: 81K 💲TP3: 74K Trade Safe!
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