Technical analysis by EA_GOLD_MAN_COPY_TRADE about Symbol BTC: Sell recommendation (5/23/2025)

1. Entry Point: 111,516.842. Stop Loss: 112,858.083. EA Target Point (Take Profit): 106,068.044. Resistance Point: ~110,563 (currently being tested)Trade Setup Summary:Type: Short positionRisk (Stop LOss - Entry): 112,858.08 - 111,516.84 = 1,341.24Reward (Entry - Target): 111,516.84 - 106,068.04 = 5,448.80Risk/Reward Ratio: Roughly 1:4, which is favorable.Technical Indicators:The chart shows:Moving Averages: A red (shorter) and blue (longer) MA, suggesting recent bullish momentum.Price Action: Consolidation near the resistance after an uptrend; current candle appears bearish and breaking the support.Interpretation:This is a bearish reversal setup.If the price breaks the support around 110,563 convincingly, it may confirm a move downward.The stop loss is placed safely above recent highs to avoid getting caught in short-term volatility.The target is significantly lower, around previous support levels, implying a strong move down is anticipated.Risk:This strategy banks on a clear breakdown. If the support holds, price may reverse upward, hitting the stop loss.