#BTC /
$BTC Back2Back Shorts 🩸
1st Trade: TP1 ✅ 2R/ 2% then BE
2nd Trade: ⏳
The initial short position was taken in a highly probable corrective wave B region, identified using Fibonacci levels. Entry was at the $105,100 area, which served as more of a scalp trade. The price reacted perfectly, hitting my take-profit target ( $102,892.41) before retracing back to the break-even level.
Currently, price action is hovering around the next logical shorting zone at $107,159.38. This level was anticipated due to the potential sweep of yesterday’s high and aligns with a lower time frame liquidity area that coincides with a key corrective wave B Fibonacci level.
We are now waiting for price action to unfold and will manage the trade accordingly. If the market pushes further to the upside, that’s completely fine—strict risk management ensures that one trade won’t offset the success of others. In that case, we’ll reassess. However, for now, it’s likely we’ll see a corrective move down to sweep liquidity before a push above the all-time high, potentially beginning during the Asia session.
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