#TradingTypes101
$BTC/USDT: GEARED FOR A MAJOR MOVE — BOTH LONG & SHORT PLAYS IN FOCUS!
Bitcoin is currently trading around $108,500, rebounding from a recent dip. Price action is approaching key resistance at $109K, a critical level that could spark a breakout or sharp reversal — prime conditions for strategic entries in either direction.
🔵 LONG SETUP
Entry: $108,700 – $108,900
Targets:
• TP1: $109,500
• TP2: $110,400
• TP3: $111,800
Stop Loss: $107,800
🔴 SHORT SETUP
Entry: $109,000 – $109,200 (if resistance holds)
Targets:
• TP1: $108,100
• TP2: $107,200
• TP3: $106,000
Stop Loss: $109,900
Market Outlook:
BTC is sitting at a key inflection point. A confirmed breakout above $109.2K could drive momentum higher. However, if price gets rejected, a double-top formation may lead to another leg down.
Pro Tip:
React to the price, don’t predict it.
Breakout traders should wait for strong confirmation above resistance. Short sellers should be cautious of fakeouts and protect their entries.
