jhonadonis16

🚀 Short 20x #BTC on #Binance🎯 Target: $75,000📍 Entry: $84,141💰 Potential ROI: 3.17x🛡️ SL: $87,000Risk big, win bigger. The dip might just be your jackpot. 💣📉#Crypto #Bitcoin #BTCShort #CryptoTrading

This chart depicts a potential short signal for Bitcoin (BTC) as the price reaches key resistance levels after a recent upward movement. Here's a detailed breakdown of the analysis:Uptrend and Key Resistance:The price has been in an uptrend, making higher lows and higher highs, forming an ascending pattern. However, the price is nearing a crucial resistance level around 82,800, as indicated on the chart with a dotted line. The upward momentum has slowed, and the price has touched a possible ceiling near this resistance zone.Potential for Reversal:The drawing suggests that after hitting the resistance at 82,800, Bitcoin faces increasing selling pressure. The price starts to show signs of exhaustion, and the recent peak indicates that a short position may be initiated around these levels. This could lead to a price reversal and a potential drop back towards lower levels, especially if the price breaks down below 82,276.Support Levels:The chart also marks a support level near 80,175. If the price breaks the current support zone and drops below this level, it would confirm the bearish trend, providing further confirmation of the short signal. Short positions should ideally target the next support zone to maximize profits from the expected downward movement.Trend Lines and Indicators:The trendline drawn shows the price's rise over time, but with the exhaustion at the resistance zone, this may signal that the uptrend is losing momentum. The chart suggests monitoring the breakout below the support line for confirmation of the short trade.Trade Strategy:Short Entry: As the price approaches the resistance around 82,800, this could be a point for entering a short position.Stop Loss: Place a stop loss above 82,800 to manage risk in case the price breaks above the resistance level and continues higher.Take Profit: The take-profit target should be set near 80,175 or below, based on the support zone. Monitor for further breakdowns of price levels.This chart represents a potential short signal as Bitcoin reaches resistance and shows signs of a bearish reversal. Proper risk management is crucial while executing this trade.