$BTC

Trade Plan for BTC/USDT 📈
✅ Entry Zone:

Buy within $94,300 – $94,450, near the 9-period EMA ($94,534.53) and 21-period EMA ($94,614.33) for support. The price is currently testing this zone.

⛔ Stop Loss:

Set at $93,850 (below the recent swing low of $93,950 and the 50-period EMA at $94,643.54).

🎯 Profit Targets:

Target 1: $95,300 📍 (Move stop to breakeven)
Target 2: $96,000 🎯
Target 3: $96,800 🚀

📊 Risk/Reward Ratio:

Approximately 3:1 ⚖ (Conservative exit at 2:1 if momentum weakens).

Risk: $94,458.02 - $93,850 = $608.02
Reward (Target 2): $96,000 - $94,458.02 = $1,541.98


Key Observations:

Bearish Momentum: Price is down -0.29% in the last 24 hours, with a recent decline from the 24h high of $95,630.00. The chart shows a pullback after failing to break above $95,000 consistently.
Volume: 24h volume is 1,895,582.248.39 USDT, with chart volume indicators showing a decrease (Vol BTC: 3,395, Vol USDT: 316.85K). This suggests fading momentum—watch for a volume spike to confirm a reversal.
Moving Averages: Price is below the 9, 21, and 50-period EMAs, indicating short-term bearish pressure. A break above the 9-period EMA ($94,534.53) could signal a bullish shift.
RSI (Not Visible): Without RSI data, monitor price action for overbought/oversold conditions. Given the pullback, RSI might be approaching neutral or slightly oversold (~40-50).


🔄 Strategy:

Trail stop above the 9-period EMA ($94,534.53) after Target 1.
Watch for rejection at the 24h high ($95,630.00) for an early exit if momentum stalls.
If price breaks below $93,850, consider exiting to minimize losses.