Bitcoin
Direction: Short
Entry: 72,400-72,800
Take Profit: Level 1: Around 70,800 (conservative approach) Level 2: 69,600
Stop Loss: Small break above 74,000. If it's a 2x long-term position, you can skip the stop loss and let it naturally come down later.
Personal thoughts: Don't place orders at round numbers as they're difficult to execute. Placing just below resistance levels makes execution easier. Due to the high frequency of false breakdowns and false breakouts recently, to prevent such situations, we should set our stop loss higher, reduce the profit/loss ratio, and significantly increa
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