Take Profit Plan for Sell Position, This plan is designed to lock in profits gradually while considering high probabilities based on support levels and market dynamics. Here are three recommended take profit targets:

Target Take ProfitTarget 1: $115,000 (Profit +2.54%)Probability: High (~70–80%)\r
Reason: This is a strong support level that has often been tested in recent corrections. On-chain data shows high liquidity in this zone, making it a realistic target for short-term shorts.
Strategy: Close 40–50% of the sell Position to lock in profits. This reduces the risk if the price rebounds from this support.
Target 2: $112,000 (Profit +5.08%)Probability: Medium (~50–60%)
Reason: This level is a medium support that coincides with the liquidity zone and the 50-day moving average (50-day EMA). If the support at $115,000 breaks, this is the next logical target.
Strategy: Close 30–40% of the Position. Apply a trailing stop for the remaining position to capture potential further declines.
Target 3: $110,000 (Profit +6.78%)Probability: Low to medium (~30–40%)
Reason: This is a very strong support with high volume and historical accumulation zone. A drop to this level requires a strong bearish catalyst, such as negative regulatory news or whale sell-off. However, the oversold RSI at this level may trigger a rebound.
Strategy: Close the remaining position (20–30%) or use a tight trailing stop to capture potential further declines (, for example, to $108,000).
Risk ManagementStop-Loss:Set stop-loss above $120,000 (+1.69% from entry $118,000) to protect against short squeeze if the price rebounds to psychological resistance.
Alternative: Use a stop-loss at $121,000 (+2.54%) for higher risk tolerance, but this increases potential losses.
Limit maximum risk per trade to 1–2% of total portfolio.
Trailing Stop: After reaching Target 1 ($115,000), apply a trailing stop of 2–3% for the remaining Position to lock in profits while allowing for further decline.
Execution Strategy Scaling Out ( Scaling Out ): 50% at $115,000: lock in profits at strong support.
30% at $112,000: Lock in profits at the medium support.
20% at $110,000: Capturing potential maximum downside, with a trailing stop for flexibility.
Position Duration: Timeframe: 1–7 days, depending on market volatility and catalysts. A drop to $110,000 may take longer (2–3 weeks) unless there is significant bearish news.
Monitor the market every 4–6 hours