$BTC REJECTED AT 59K โ SELLERS IN FULL CONTROL ๐
Target: 57,000 ๐
Stop Loss: 59,600 โ ๏ธ
Price respected the 59k resistance with precision, leaving a clear rejection wick on the hourly. Lower timeframe structure has broken down, and the momentum is now firmly with sellers. Volume on the 15-minute chart spiked as price rolled over, confirming aggressive distribution at this level.
The risk-to-reward on this short is roughly 1:2.5 if you target 57k. Are you taking this trade or waiting for a higher retest?
Not financial advice. Always manage your risk.
#BTC #ShortSetup #Rejection #Trading
๐ฅ
Target: 57,000 ๐
Stop Loss: 59,600 โ ๏ธ
Price respected the 59k resistance with precision, leaving a clear rejection wick on the hourly. Lower timeframe structure has broken down, and the momentum is now firmly with sellers. Volume on the 15-minute chart spiked as price rolled over, confirming aggressive distribution at this level.
The risk-to-reward on this short is roughly 1:2.5 if you target 57k. Are you taking this trade or waiting for a higher retest?
Not financial advice. Always manage your risk.
#BTC #ShortSetup #Rejection #Trading
๐ฅ