$BTC $BTC here's a quick 15-minute timeframe analysis based on the chart's context:
š 15-Minute Chart Expectations (Short-Term Price Action)
While I don't have a live feed of the exact 15-minute chart, Iāll deduce from typical price action following a strong daily wick recovery:
š What to Look for in 15m Before Entering Long:
ā Bullish Confirmation (Entry Signal):
Green 15m candles closing above 105,800ā106,000
Higher lows forming (each dip gets bought quickly)
A bullish engulfing or breakout from a mini consolidation zone
Volume increasing slightly on green candles
ā Bearish Rejection (Avoid Long if):
Rejection at 106,000 with strong red candles
Break below 105,200 on increasing volume
RSI divergence (RSI going down while price pushes up)
š Trade Setup (15-Min Confirmation Entry):
Buy Entry (Long): Above 105,900 on a strong 15m close
Stop Loss: Below 105,200 (or tighter, depending on your risk appetite)
Target 1 (TP1): 106,600
Target 2 (TP2): 107,800 ā 108,000
R/R Ratio: Around 1:2+ if entry/SL are placed smartly
ā Strategy Summary (15m View):
ActionLevelNotesEnter Long> 105,900On bullish candle close with volumeStop Loss< 105,200Below local support / recent 15m lowsTake Profit106,600 ā 108kResistance zones from 1H & 1D charts $BTC