Bitcoin is currently trading at $105,741 USD.
๐ Suggested Trade Setup:
Entry Point: $105,700
Stop-Loss: $103,600 (โ2% below entry) โ placed just under recent support to limit downside
Take-Profit (Target): $110,000 (โ4% above entry) โ a realistic resistance-level target for a 2:1 reward-to-risk ratio
Alternative Scenario:
Entry: $106,100 (on breakout above intraday high)
Stop-Loss: $104,000
Take-Profit: $111,000
This approach locks in a positive risk-reward setup and aligns with volatility-based position sizing and technical levels. Always adjust based on market updates and use bracket orders for efficient management.
