Technical analysis by LilyJones01 about Symbol BTC: Sell recommendation (5/13/2025)

This chart represents a short trade setup for Bitcoin (BTC/USD) on the 1-hour timeframe. Here's the breakdown:Entry Line: Around $102,000 — this is where the short position is triggered.Stop Loss: Just above $105,000 — to limit losses if the trade moves against the setup.Take Profit Line: Near $99,500 — target level based on the projected move.Key Observations:1. Bearish Flag Pattern: There's a descending channel (flag) following a sharp drop, suggesting a possible continuation of the downward trend.2. Breakdown Confirmation: The price has broken below the lower boundary of the flag, reinforcing bearish momentum.3. Bearish Projection: The blue arrow indicates a bearish price target aligned with the take-profit line.This chart suggests a bearish bias and anticipates further downward movement, making it suitable for traders looking to short with defined risk and reward levels.Let me know if you'd like help analyzing this setup further or creating a similar chart.TRADE ACTIVE