$BTC Strong Breakout Identification

BTC broke through the consolidation area and resistance around 104,800 – 105,000, then sharply surged to 106,385.

Volume significantly strengthened, indicating a valid breakout and not a fakeout.

✅ 2. Swing Trading Entry Strategy

📍 Buy Entry:

Wait for a pullback to the new support area at 105,400 – 105,800 (previous resistance which is now support).

Ensure a bullish rebound candle (such as doji/bullish engulfing) in this area before entering.

🛡️ Stop Loss:

Place SL below the previous strong support: < 104,800

🎯 Take Profit Target:

TP1: 106,800 (nearest high area)

TP2: 107,500 (swing extension)

Use a trailing stop if the price continues to rise sharply.

✅ 3. Technical Confirmation

RSI(6): 96.6 = Overbought → do not enter at the peak, wait for a retrace.

Positive & widening MACD = very strong uptrend.

MA(7) crosses up MA(25) = Short-term Golden Cross.

✅ 4. Risk Management

Risk:Reward ratio minimum 1:2

Maximum risk per trade: 1-2% of total capital

📌 Important Note:

> Ideally, swing traders enter when the price retraces to a strong support area after the breakout, not at the peak.