Today, I executed a swing trade on $BTC
TC using the 4-hour chart, and the setup played out just as I expected. I identified a bullish divergence forming while the price was testing a strong support zone around $58,500. Based on that, I entered the trade with a tight stop-loss set at $57,800 to limit any potential downside risk. My target was $60,200, and the price action followed through, allowing me to exit the trade with a 2.5% profit. I chose to trade on Binance Spot instead of Futures, as I wanted to avoid liquidation risks. My indicators for confirmation were RSI and MACD, both showing bullish signals. I'm also starting to incorporate EMA crossovers and Fibonacci retracement levels to fine-tune my entries. This trade reinforced the importance of patience and technical analysis. Looking forward to my next setup! What are you trading or watching today?