$BTC / USDT Breakout Trade Setup – Targeting the Next Leg Up
Pair: $BTC /USDT
Current Price: $88,617.72
Trend: Bullish (Confirmed by higher lows and price above EMAs)
Trade Idea: Long Position
Entry Zone: $88,500 – $88,650
(Price is consolidating above EMA(25) and showing bullish candles)
Targets:
Target 1: $88,900 (Previous 24h high – first resistance)
Target 2: $89,500 (Psychological round number & potential breakout zone)
Target 3: $90,300 (Projected resistance from extended move)
Stop Loss:
SL: $87,750
(Just below recent swing low and EMA(99) for a safe cushion)
Risk-Reward:
R:R ranges from 1:1.5 to 1:3, depending on your exit point.
Good setup for both intraday and swing traders.
Pro Tip: Watch for strong volume spikes and bullish engulfing candles around the entry zone to confirm momentum.
Always Manage RISK & trade!
