I'm eyeing a potential long opportunity if Bitcoin dips into the 104,600 โ 104,650 range. Here's how I'm planning it:
Entry Zone: 104,600 โ 104,650
Target Levels:
๐ฏ TP1: 104,900 โ near the MA25 zone, which may act as minor resistance
๐ฏ TP2: 105,200 โ the recent 24-hour high
๐ฏ TP3: 105,736 โ supply zone area
Stop Loss:
๐ Main SL: Below 104,200 โ just beneath recent support and MA7
๐ Aggressive SL: 104,100 โ tighter for risk-managing scalpers
Risk Outlook: Moderate to Low โ early signs of a reversal are shaping up
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๐ด Short Setup (Conditional)
If price action shows signs of rejection around 104,750 โ 104,800, Iโll consider entering a short. This setup is dependent on confirmation of weakness.
Entry Zone: 104,750 โ 104,800 (on rejection)
Target Levels:
๐ฏ TP1: 104,300 โ minor support area
๐ฏ TP2: 103,900 โ recent low
๐ฏ TP3: 103,450 โ swing low level
Stop Loss:
๐ Main SL: Above 105,000 โ invalidates bearish rejection
๐ Conservative SL: 105,150 โ gives extra room for volatility
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๐ Note: Always wait for confirmation and manage your position size based on your risk appetite. These are my personal setups, not financial advice.
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Let me know if you'd like this formatted for a trading community post (like Telegram or Twitte$BTC $r), or if you want it visualized as a chart annotation.
