sell
Bitcoin Short Position Targets Near $98,600
The current trading strategy for BTC/USDT indicates a short position targeting a decline from the entry zone between $104,100 and $105,000. The stop-loss is set at $106,100 to limit potential losses. Profit targets are progressively set at $103,200, $102,100, $101,100, $99,900, and $98,600. Traders are advised to employ leverage ranging from 10x to 30x, using only 3% to 5% of their capital. This plan suggests a bearish outlook in the short term.
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AI Analysis
The strategy outlined indicates a bearish sentiment for Bitcoin, with the entry zone pinpointed near $104,100 to $105,000. The set stop-loss at $106,100 suggests a tight risk management approach, with...
AI Recommendation
Given the outlined trading setup, it is advisable for traders to adhere strictly to risk management rules, especially when using high leverage. Setting stop-loss orders at or slightly above the $106,1...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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