**BTCUSD Trade Setup Description (1H Chart – April 16, 2025)**
– **Current Market Condition**:
Bitcoin (BTCUSD) is trading around **$83,552**, showing signs of rejection from a key **resistance zone** labeled “R.S” on the chart.
– **Resistance Zone (R.S)**:
The highlighted purple box at the top represents a **resistance area**, where price has previously reversed. This zone has been tested multiple times, and the recent rejection suggests seller dominance.
– **Support Zone**:
The lower purple box marks a **support level** around **$79,237**, where price previously found strong buying interest.
– **Trade Idea**:
This chart presents a **short (sell)** setup:
– **Entry**: Around current price ($83,552)
– **Stop Loss**: Above resistance, near **$85,084**
– **Target**: Near the support zone at **$79,237**
– **Risk Management**:
A clear stop loss and take profit are set, with the trade encouraging the use of **risk management** principles. The risk-to-reward ratio appears to be favorable, roughly **1:2** or better.