$BTC
USDT BULLISH REVERSAL ā BUYERS READY TO STRIKE BACK
š¹ Current Price: $107,781
Bitcoin is showing a strong bullish reversal signal from its lower support zone after rejecting the key demand area around $107,470 ā $107,716. Price is forming a potential double bottom pattern indicating a possible upward momentum.
š¹ Key Levels:
Support: $107,470 ā $107,716
Resistance: $108,400 (minor), $109,420 ā $109,810 (major target resistance zone)
š Trade Setup (Long Entry):
Entry: $107,700 ā $107,800
Take Profit (TP):
TP1: $108,400
TP2: $109,420
TP3: $109,810
Stop Loss (SL): $107,408 (below recent rejection wick)
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š Market Outlook:
Bitcoin is holding strong above its previous low, indicating bulls are defending this zone aggressively. If buyers sustain above $108,000, a rally towards $109,400+ is likely.
ā ļø Risk Management:
Always use strict SL to protect capital, risk only 1-2% per trade, and trail stops as price moves in your favour to lock in profits.
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buy and trade here on $BTC