Timestamp: May 8, 2025 – 13:15 (UTC+8)
Position: Long
Entry Time: 13:02:00
Entry Price: 98,986.1 USDT
Position Size: 125 $BTC
Current Price: 99,090.0 USDT
Unrealized P&L: +12,987.89 USD
Leverage: 10x
1. Trade Rationale
After BTC experienced a sharp pullback from the 99,400 zone, price action showed signs of stabilization around 98,800. I executed a long position at 98,986.1, anticipating a technical rebound. The entry was near the lower support range, offering a favorable risk-reward setup. This was a calculated counter-trend buy targeting the short-term bounce.
2. Market Context
Trend Structure:
Following the early morning surge and subsequent pullback, BTC entered a consolidation phase. By early afternoon, bullish momentum resumed, pushing prices back toward 99,100, suggesting bulls are regaining short-term control.Technical Indicators:
The fast/slow oscillators are beginning to converge after a bearish crossover, indicating waning downward momentum. Volume is recovering modestly, though a breakout still requires stronger participation.Key Levels:
Resistance: 99,300 / 99,420 (yesterday’s high)
Support: 98,800 / 98,600 (key defense levels)
3. Active Strategy
Short-Term Plan:
Consider partial take-profit if price breaks above 99,300. Hold remaining position toward 99,420.Risk Management:
If price falls below 98,850, plan to exit and secure profits to avoid potential reversal losses.Execution Discipline:
No chasing. Stick to the plan. Manage exits in layers.
4. Summary & Reflection
This trade was based on a clear market structure and executed with precision. The position was sized appropriately with well-defined risk parameters. With unrealized gains already materialized, the focus now shifts to exit discipline and profit protection as price approaches resistance zones.