$BTC

Current Situation

• BTC/USDT Perpetual is trading at $103,190.

• It recently hit a 24h high of $104,373, suggesting a short-term resistance level.

• The EMA(25) (in pink) is at $94,489, indicating strong upward momentum.

• RSI(25) is at 66.2 — approaching overbought but not extreme yet.

• The daily candle has a strong bullish move, but a slight pullback is starting to show.

Suggested Trade Plan

If you’re looking to enter a long (buy) trade now, consider this:

Buy Zone:

• Current price ($103,190) is a bit extended after a strong move.

• A small pullback to $102,000–102,500 could offer a better entry (but you can still enter now if momentum is strong).

Take Profit Levels:

• TP1: $104,300 (previous high, conservative)

• TP2: $105,800–106,000 (next psychological/technical resistance)

Stop Loss:

• SL1: $101,800 (just below last local consolidation)

• SL2: $100,000 (round number, stronger support)

Risk Management

• Risk/reward should ideally be at least 1:2.

• If entering now at ~$103,190:

• SL at $101,800 (risk: ~$1,390)

• TP at $105,800 (reward: ~$2,610)