$BTW SHORT SETUP WITH CLEAN R:R READY TO FADE ๐ฅ
Entry: 0.05763 ๐ฅ
Target: 0.03949 ๐
Stop Loss: 0.06795 โ ๏ธ
Price just got rejected at the 0.058 area for the third time this week. That level has been solid resistance and the momentum is clearly fading on the lower timeframes. The risk-to-reward is roughly 1:1.75 which Iโd rather take over chasing a long right now.
Volume is dropping off as we sit here, which usually means a lower high is in. Could see a fast move toward that first target if the bid thins out below 0.056. Are you leaning short here or waiting for a cleaner entry?
Not financial advice. Always manage your risk.
#BTW #ShortSetup #Crypto #Fade
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Entry: 0.05763 ๐ฅ
Target: 0.03949 ๐
Stop Loss: 0.06795 โ ๏ธ
Price just got rejected at the 0.058 area for the third time this week. That level has been solid resistance and the momentum is clearly fading on the lower timeframes. The risk-to-reward is roughly 1:1.75 which Iโd rather take over chasing a long right now.
Volume is dropping off as we sit here, which usually means a lower high is in. Could see a fast move toward that first target if the bid thins out below 0.056. Are you leaning short here or waiting for a cleaner entry?
Not financial advice. Always manage your risk.
#BTW #ShortSetup #Crypto #Fade
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