$BTC 😭😔

📈 Potential Long Trade Setup (1-Hour Chart)

Entry Zone: $106,500 – $107,000

Stop-Loss (SL): Below $106,000

Take-Profit (TP):

TP1: $109,000

TP2: $110,000

This setup is based on a bullish breakout from a consolidation pattern, with the price showing strong momentum. The stop-loss is placed just below the recent support level to manage risk, while the take-profit targets are set near the next resistance levels.

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⚠️ Risk Management Tips

Position Sizing: Limit each trade to 1–2% of your portfolio to manage risk effectively.

Use of Stop-Loss Orders: Implement stop-loss orders to minimize potential losses.

Use of Take-Profit Orders: Set take-profit orders to secure gains when the price reaches your target.

Market Monitoring: Continuously monitor the market for changes in volatility and news that may impact price movements.

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Please note that cryptocurrency markets are highly volatile. It's essential to conduct your own research and consider your risk tolerance before making any trading decisions.

If you need further assistance or have specific questions, feel free to ask!