Long (buy) – Bullish strategy
1. Conditions for entry
- Trend confirmation:
- Price above key support level $105,119.44 (minimum for 24h).
- EMA(20) > EMA(50) on daily timeframe.
- RSI (14) above 50, but not in overbought zone (>70).
- Triggers:
- Bounce from $107,974.58 (nearest support level on the chart).
- Closing the candle above $109,800.00 (maximum for 24h) with increased volume.
2. Entry points
- Conservative: $107,974.58 (checking support).
- Aggressive: $109,800.00 (breaking resistance).
3. Stop-loss
- $-3-5% from entry:
- If entering at support – $104,500.00 (below the minimum for 24h).
- If entering on breakthrough – $106,944.86 (previous level).
4. Take-profit
- 1st target: $112,000.00 (psychological level).
- 2nd target: $115,000.00 (historical resistance).
- 3rd target: Trailing stop on strong momentum.
5. Additional filters
- Volume: Increasing volume with rising price confirms trend strength.
- MACD: Signal line crossover upwards.
This is not investment advice, but educational material. BTC can both rise and fall. Conduct your own analysis