Entry Explanation: on BTCUSD

Key Context

- Choch (Change of Character):
I identified a clear Change of Character (ChoCH) at the marked level. This shift indicated a potential bearish move as the market transitioned from a higher-high structure to lower-lows, confirming bearish intent.

Premium and Discount Zones:
I used the Fibonacci retracement tool to divide the range into Premium (above 50%) and Discount (below 50%) zones. My goal was to sell in the Premium Zone where sellers are expected to dominate.

Supply Zone (SSS):
Within the Premium Zone, a significant Supply Zone (labeled as "SSS") was identified, where price reacted previously, showing strong bearish rejection. I positioned my entry around this zone, waiting for price to retrace there.

Entry Trigger:
Price retraced into the Supply Zone, showing signs of rejection and weakness, confirming that sellers were active. I placed my sell entry at this point.

Stop Loss Placement:
To manage risk, my stop loss was placed slightly above the Supply Zone to account for potential wicks or liquidity hunts.

Take Profit Strategy:
The Take Profit was strategically set at the blue line below, within a Discount Zone. This aligns with the assumption that price will seek liquidity in lower regions.