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Technical analysis by ProfittoPath about Symbol BTC: Sell recommendation (4/24/2025)

https://sahmeto.com/message/3445895
ProfittoPath
ProfittoPath
Rank: 214
3.0

BTCUSD – Short Trade Setup!

Sell
Price at Publish Time:
$93,469.94
Sell،Technical،ProfittoPath

📉 🔻Pair: Bitcoin / U.S. Dollar (BTCUSD – Bitstamp)Timeframe: 30-Min ChartPattern: Rising wedge breakdown + retest failure💼 Trade Plan – Short Position🚫 Entry: $93,488 (Breakdown from wedge + retest rejection)✅ Stop-Loss: $94,408 (Above structure resistance & wedge high)🎯 Take Profit Targets:TP1: $92,414 – Nearest support from recent structureTP2: $91,182 – Strong horizontal support zone⚖️ Risk-Reward CalculationRisk per BTC: $920Reward to TP2: $2,306R:R Ratio: ~1 : 2.5 — High-probability short setup🔍 Technical HighlightsRising wedge pattern breakdown (bearish signal)Price rejected key resistance near $94KRetest + failure = confirmation for downside moveMomentum slowing with potential bearish divergence

Source Message: TradingView
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