BTC Spot Trading Entry Plan

1. Entry Conditions (Choose one or combine):

Technical Analysis:

BTC breaks above a key resistance level (e.g., $63,000) with volume confirmation.

Bullish pattern confirmation (e.g., ascending triangle breakout, double bottom, etc.).

4H or Daily RSI crosses above 50 from below.

50 EMA crosses above 200 EMA (golden cross).

Support Zone Buy:

Enter near a strong support zone (e.g., $59,000–$60,000) after a bounce confirmation (e.g., bullish candle on 4H chart).

2. Entry Point:

Set limit order slightly above support or slightly below breakout level.

Example:

Entry: $60,500 (support bounce)

OR Entry: $63,200 (resistance breakout)

3. Stop Loss:

Set below the recent swing low or below the support zone.

Example: $58,500 (if entering at $60,500)

Risk: ~3–4%

4. Take Profit Targets:

Target 1: Previous high/resistance zone (e.g., $64,500)

Target 2: Extended target (e.g., $67,000+)

Use trailing stop or manually move stop loss to entry (breakeven) after reaching Target 1.

5. Risk Management:

Risk only 1–2% of your total capital per trade.

Adjust position size accordingly.

6. Example Trade Summary:

Entry: $60,500

Stop Loss: $58,500

Take Profit: $64,500 / $67,000

Risk/Reward: ~1:2 or better