#BTC $BTC
SELL
Confidence: 70%
Entry: 58689.20
SL: 58955.06
R:R: 1:2.87
TP (expected): 58155.15
The downtrend is clearly defined, with bearish momentum and price below the EMA50 and VWAP. A phase-shift SELL signal from the price structure. The R:R meets the minimum requirement of 1:2. Although price did not retest the resistance, the trend is strong enough to enter the trade.
SELL
Confidence: 70%
Entry: 58689.20
SL: 58955.06
R:R: 1:2.87
TP (expected): 58155.15
The downtrend is clearly defined, with bearish momentum and price below the EMA50 and VWAP. A phase-shift SELL signal from the price structure. The R:R meets the minimum requirement of 1:2. Although price did not retest the resistance, the trend is strong enough to enter the trade.