📈 Trade Setup: $BTC (spot)
🎯Entry Zone:
$102,800 – $103,200
(Price is bouncing off recent lows with volume rising and bullish engulfing candles forming)
🛑Stop-Loss:
$101,800
(Below the 24h low and key support zone at $102,000)
🎯Take Profit Targets:
1. TP1: $104,200 (MA25 resistance)
2. TP2: $105,600 (previous support turned resistance)
3. TP3: $107,000 (near recent 24h high)
📊Risk/Reward Estimate:
~1:2.5 (Risking $1,400 for potential gain of ~$3,500)
📌Strategy Notes:
Move stop-loss to breakeven once price reaches $104,200 (TP1 hit). If $105,600 is tested, trail stop to $104,500.
💡Pro Tip:
$BTC just rejected the 24h low ($102,000) with a bullish candle and increased buy volume—signaling short-term reversal strength. Watch the MA(7) crossing above MA(25) for extra confirmation.