Bitcoin / TetherUSShort
BTCUSDT Trade Log
BTCUSDT 1H Short Setup
Trade Idea:
- Short from the micro FVG in a premium zone after rejecting an Order Block (OB).
Confluence:
- Rising Wedge: Bearish wedge structure showing signs of exhaustion.
- Bearish Divergences: RSI and CVD indicate weakening momentum.
- Macro Pressure: Bybit fined in the Netherlands for fraud; Flow Traders withdrew €157M in BTC—both signal potential bearish sentiment.
Risk-Reward:
- Tight stop-loss above the OB/FVG zone.
- 1:2 RRR targeting liquidity levels below $98,000.
Quick Take:
Macro events and bearish divergences align for a strong short opportunity. Stay cautious of volatility and confirm rejection before full entry!
Trade Idea:
- Short from the micro FVG in a premium zone after rejecting an Order Block (OB).
Confluence:
- Rising Wedge: Bearish wedge structure showing signs of exhaustion.
- Bearish Divergences: RSI and CVD indicate weakening momentum.
- Macro Pressure: Bybit fined in the Netherlands for fraud; Flow Traders withdrew €157M in BTC—both signal potential bearish sentiment.
Risk-Reward:
- Tight stop-loss above the OB/FVG zone.
- 1:2 RRR targeting liquidity levels below $98,000.
Quick Take:
Macro events and bearish divergences align for a strong short opportunity. Stay cautious of volatility and confirm rejection before full entry!
Note
Worth noting that the daily also supports the intraday idea so the 1:2 RRR is just a conservative measure. A smart move would be to widen the SL in case whales take out the high one last time.
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🔍 Specializing in Smart Money Concepts & Risk Optimization.
🚀 Discover actionable strategies: x.com/fonderaio
🌐 Explore my journey: fondera.io
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