Technical analysis by limitissky77 about Symbol BTC: Sell recommendation (5/22/2025)

A rectangle consolidation near recent highs (potential distribution or continuation) trading in sideways Volume is Declining (red arrow), which during consolidation usually suggests weakening momentum. RSI Divergence: RSI is forming lower highs while price is forming equal highs → This is a bearish divergence. Trade Setup: Looks like a short position has been taken with: Entry: Nears support(~110,200) Stop-loss: Just above resistance (111,840) Target: Lower zone of support (~108,700) Key Signals B earish Divergence on RSI: Indicates weakening bullish momentum . F alling Volume: Suggests lack of conviction from bulls at the high s. Equal Highs on Price: While RSI declines, this adds weight to the short bias. Tight stop-loss (risk-managed) ⚠️ Watch for fakeouts: If price breaks above the rectangle with volume, your stop might get triggered, but it would invalidate the bearish setup anyway. Thanks,