Bitcoin has officially broken through the psychological $100,000 barrier, currently trading around $103,000. With bullish momentum in play, futures traders are preparing for the next big move.
๐ฐTrade Setup (Long Position)
โ Entry Signal:
๐ Enter a long position if BTC consolidates above $101,500 and breaks back above $102,800 on strong volume.
๐ Entry Price Zone: 102,800 โ $103,200
โ Exit Target (Take Profit)
๐ Primary Target: $110,000 โ strong psychological and Fibonacci extension level (1.618 level from $69K to $102K).
๐ Secondary Target (for scaling out or trailing): $117,000 โ $120,000, based on extended momentum and market euphoria.
โ Stop-Loss Plan
๐ Initial Stop-Loss: Place stop-loss at $99,800 (below previous support and round number level).
๐ Risk-Reward Ratio: ~1:3 minimum (Entry: $103K, Stop: $99.8K, Target: $110K).
๐ฐ Alternative Plan (Short Setup)
If BTC fails to hold $100K:
๐ Short Entry: Breakdown below $99,000 with volume and bearish divergence.
๐ Target: $92,000 โ $94,000 (previous resistance zone turned support).
๐ Stop-Loss: Above $101,500
Risk Management Tips
๐ Never risk more than 1โ2% of your account per trade.
๐ Consider using trailing stops as price approaches key resistance zones.
๐ Monitor news events and funding rates on futures platforms.
โ๏ธ What are your thoughts on the future prediction of #BTC Coin? โ๏ธ
