$BTR
BEARISH REVERSAL SETUP – POST-PUMP CORRECTION INCOMING
$BTR is showing signs of exhaustion after a sharp vertical expansion from the 0.08 demand base toward the 0.14 supply zone. The strong rejection near the recent highs indicates profit-taking and potential distribution at elevated levels. Such parabolic moves are often followed by corrective pullbacks as momentum cools.
Although price remains above the short-term moving averages, the distance from MA(7), MA(25), and MA(99) suggests overextension. Failure to sustain above the immediate support zone increases the probability of a breakdown toward lower structural supports. A loss of short-term higher lows will confirm bearish continuation and trigger a deeper retracement phase.
If sellers gain control below the intraday support cluster, downside liquidity resting near prior consolidation zones becomes the next magnet.
TP Targets:
TP1: 0.11962
TP2: 0.10715
TP3: 0.09469
SL:
0.14455
Risk Management:
Risk only 1–2% of total capital per trade. Secure partial profits at each target and trail stop to breakeven after TP1 to protect capital.
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