๐๐ฅ $BTC TRADE SETUP: LONG & SHORT PLAYS EXPLAINED ๐ฅ๐
Hereโs a well-structured plan for both long and short trades on Bitcoin ($BTC) based on recent market activity and technical levels.
๐ Long Entry Setup
Entry Range: Between 104,600 โ 104,650
Targets:
TP1: 104,900 (Minor resistance near MA25)
TP2: 105,200 (24-hour recent high)
TP3: 105,736 (Key supply zone)
Stop Loss:
Conservative: Below 104,200 (recent support and MA7)
Aggressive: 104,100 (tight stop for scalpers)
Risk Level: Moderate to Low โ early signs of a potential reversal are forming, giving bulls a safer entry window.
๐ Short Entry Setup
Entry Range: Between 104,750 โ 104,800 (if rejection occurs)
Targets:
TP1: 104,300 (previous minor support)
TP2: 103,900 (recent low area)
TP3: 103,450 (major swing low support)
$BTC
Stop Loss:
Standard: Above 105,000 (invalidates bearish rejection)
Conservative: 105,150 (stronger invalidation zone)
This setup provides clear paths whether you expect an upside continuation or a bearish rejection. Stick to your stop-loss levels and risk profile. Always trade with discipline and avoid emotional decisions!