$BTC Pullback Trade Setup If We Got‼️
$BTC is struggling to break past the $116,000 resistance again. This means we're looking for a healthy correction—a perfect chance for a pullback entry!
🎯 Long-Trade Setup Details
Entry Zone: $112,000 to $111,300 At Pullback
Potential Targets:
T1: $114,200
T2: $115,500
T3: $116,600
Stop Loss : $109,600
Why we expect a bounce in this zone:
Trendline Retest: We recently broke a major trendline resistance on the 4-hour chart. The $112k - $111k zone is the perfect place to retest that line before moving higher.
CME Gap Fill: The CME futures gap between $113,000 and $111,000 is also in this area. #BTC often bounces strongly after filling these gaps.
Overall, this pullback setup looks strong! I am placing my buy limit order at between entry zone $111,800.