$BTC/USDT 12h (#Bybit) Rising wedge breakdown and retest

Bitcoin lost 50MA support and is pulling back to it, more downtrend seems likely if gets rejected here.

⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (5.0X)
Amount: 5.0%

Current Price:
28754.0

Entry Targets:
1) 28768.5

Take-Profit Targets:
1) 25310.4

Stop Targets:
1) 31081.5

Published By: @TradingOn

BTC #BTCUSDT #Bitcoin #XBT #PoW bitcoin.org

Risk/Reward= 1:1.5
Expected Profit= +60.1%
Possible Loss= -40.2%

Trade active:

Entry filled

Comment:

BTC is going down as planned, entry now above 50MA, time to move SL to BE.

Comment:

BTC got rejected on 50MA acted again, we still expect target to be reached.