$BTC

Trading Strategy:

Entry Price: 

Look for a pullback to the S1 level (87,423.43) or the Pivot (91,477.62). Confirm entry with a bullish reversal candlestick pattern (e.g., hammer or engulfing pattern).

Target Price: 

Primary Target: 95,531.89 (Fibonacci R1). Secondary Target: 98,036.62 (Fibonacci R2).

Stop Loss: 

Place stop loss below the S2 level (84,918.61) or at a recent swing low (e.g., 93,000).

Position Sizing: 

With 50x leverage, calculate position size based on risk tolerance (e.g., 2% risk per trade). Example: If risking 2% of a $1,000 account, position size = 0.04 BTC.

Risk Management:

Leverage: 50x (high risk, high reward). Volatility: BTC's high ATR (2739.57) suggests sharp price movements. Stop Loss: Essential to limit losses if the market reverses.