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

A rectangle consolidation near recent highs (potential distribution or continuation) trading in sidewaysVolume 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 SignalsBearish Divergence on RSI: Indicates weakening bullish momentum.Falling Volume: Suggests lack of conviction from bulls at the highs.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,