Trading Strategy 👈👈

Since the chart is showing a strong bearish trend, your strategy should depend on whether you want to trade:

Short (Sell) for more downside
Long (Buy) if a reversal happens
📉 Bearish Strategy (Short Trade - Trend Continuation)
🔹 Entry:

If price breaks below 94,500 with high volume, enter a short position.
Wait for a small bounce back to 95,000 - 96,000 and enter there for a better risk-reward ratio.
🔹 Stop Loss:

Place at 97,000 - 98,000 (above the previous resistance).
🔹 Take Profit Targets:

92,000 (First TP)
90,000 (Major support)
💡 Why?

The trend is clearly down.
Moving averages confirm bearish momentum.
Price is making lower highs & lower lows (downtrend structure).
📈 Bullish Strategy (Long Trade - Reversal Play)
🔹 Entry:

ONLY if price bounces from 94,500 and forms a bullish confirmation (e.g., green candle with strong volume).
Wait for a break above 97,000 - 98,000 for safer confirmation.
🔹 Stop Loss:

Place below 93,500 (to protect against further downside).
🔹 Take Profit Targets:

100,000 (First TP - psychological level)
103,000 - 104,000 (Major resistance)
💡 Why?

If the price holds 94,500 and makes a higher low, it may trigger a bounce.
Risk is lower if confirmation occurs.
Final Thoughts & Tips
✅ Shorting has a higher probability of success in this trend.
✅ Use tight stop losses because crypto is volatile.
✅ Watch Bitcoin (BTC) movement, as it impacts the entire market.
✅ Volume matters—if selling volume is high, expect further downside.
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