!BTC/USDT – Analysis on the hourly timeframe (1H) ⏱️₿
Current price: $109,450.00 (+0.03%)
Closing above the 25-period Exponential Moving Average (EMA25) and the EMA50 indicates moderate bullish momentum, while the Relative Strength Index (RSI) shows a value close to 60, leaving room for upward movement before reaching overbought conditions.
Trade Settings:
✅ BTC/USDT (Buy) LONG
🔰 Entry price on breakout: $109,800
🎯 Targets:
$110,500
$111,200
$112,000
$113,000
🛑 Stop Loss: $108,300
📌 Trader's Advice:
Wait for a one-hour candle to close above $109,800 with increased trading volume to confirm the strength of the breakout. After reaching the first target, move the stop loss to the entry price ($109,800) to secure capital, then let the position chase the remaining targets.
✅ BTC/USDT (Sell) SHORT
🔰 Entry price on breakdown: $108,900
🎯 Targets:
$108,000
$107,200
$106,400
$105,500
🛑 Stop Loss: $110,000
📌 Trader's Advice:
In case of a clear breakdown of the $108,900 level with a one-hour candle closing below it on high trading volume, a sell entry can be made. Place the stop loss above the broken resistance ($110,000), and gradually adjust the stop loss as each target is reached to protect profits.