today best trade here
โ LONG PLAN
Entry: 118,850
Stop Loss: 117,800
Take Profit 1: 119,500
Take Profit 2: 120,200
If the market rejects below 118,800, enter short at 118,400.
๐จ SHORT PLAN
Entry: 118,400
Stop Loss: 118,950
Take Profit 1: 117,500
Take Profit 2: 116,800
๐ BTC Market Overview (1D Timeframe)
Current Price: ~$117,925
Daily Change: -0.09%
Intraday High: $118,668
Intraday Low: $116,821
This slight dip suggests consolidation after hitting new highs recently. There's still bullish institutional interest visible through large ETF inflows.
โ๏ธ Day Trading Strategy for BTC (July 12)
๐ 1. Technical Setup
Chart Timeframe: Use 15-minute and 1-hour charts for intraday entries.
Indicators to Apply:
EMA 50/200: Look for bullish crossovers.
RSI: Watch for values below 30 (oversold) or above 70 (overbought).
MACD: Use for momentum confirmation.
Bollinger Bands: Watch for squeezes or breakouts.
> Example: If BTC price is above both EMA 50 and 200 on 15min chart, RSI is near 40-60 and MACD is trending up โ consider a long position.
๐ผ 2. Entry & Exit Plan
Entry (Long): If price breaks above intraday resistance with volume confirmation.
Entry (Short): If price fails to break key resistance or shows bearish divergence (e.g., RSI decreasing while price increases).
Stop Loss: Always 0.5โ1% below entry for longs, or above entry for shorts.
Take Profit: 1.5โ2% depending on volatility.
๐ง 3. News-Based Momentum
Over $1.2B of ETF inflows have been reported today โ signaling strong institutional demand.
BTC recently touched a new high of $118K, .
๐ก๏ธ 4. Risk Management
Never risk more than 1% of your total portfolio per trade.
Use fixed lot sizes or position calculators to control exposure.
๐ Key Levels to Watch
Support 1 $116,800
Support 2 $115,500
Resistance 1 $118,800
Resistance 2 $120,200
โ Watch for ETF impact, and volume confirmation
#TradingStrategyMistakes #USCryptoWeek #ArbitrageTradingStrategy
