BTC/USDT | Trendline Retest for a Potential Downward Move

8. Jan.

This BTC/USDT 4-hour chart presents a bearish setup following a retest of the ascending trendline, which previously acted as support but may now serve as resistance. Key details of the trade plan include:

• Entry around the $95,584.8 level after the retest of the trendline.
  
• Stop-loss set above $96,694.0 to protect against invalidation.
  
• Targeting $91,702.3 as the initial take-profit zone, coinciding with a previous demand area.
  

This setup assumes a rejection at the trendline, signaling potential further downside. Monitor price action closely and use proper risk management. Share your thoughts or adjustments to refine the idea!

8. Jan.

Trade ist aktiv

8. Jan.

Anmerkung

2R Down

8. Jan.

Anmerkung

3R down

10. Jan.

Trade geschlossen: Ziel wurde erreicht

A good 1:3.5 RR trade. On to the next one.