Trade Strategy: Long Position

🔽 Entry Zone:

Preferred Buy Range: $121,500 – $122,200

(Wait for a minor pullback before entry to avoid chasing the top)

🛑 Stop Loss:

Below $117,000

📊 BTCUSDT – Long Trade Setup (Daily Timeframe Analysis)

Current Price: $122,111.7

Trend: Strong Bullish

Change (24h): +3.63%

📈 Market Overview:

Price Action:

BTC is exhibiting strong bullish momentum, forming consecutive green candles with increasing volume. The price has recently tested the $124,000 resistance zone.

Moving Averages:

The price is trading above all key moving averages:

MA(7): $116,013.1

MA(25): $109,236.5

MA(99): $101,504.1

This alignment confirms a sustained uptrend.

RSI (6): 91.2

Indicates overbought conditions; a short-term pullback is possible.

MACD:

MACD line is significantly above the signal line with rising histogram bars — confirming bullish momentum.

✅ Trade Strategy: Long Position

🔽 Entry Zone:

Preferred Buy Range: $121,500 – $122,200

(Wait for a minor pullback before entry to avoid chasing the top)

🛑 Stop Loss:

Below $117,000

(This level is below the MA(25), acting as a key dynamic support)

🎯 Take-Profit Targets:

TP1: $124,500 (nearest resistance)

TP2: $126,800

TP3: $129,000 (extended bullish breakout target)

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🧠 Trade Justification:

1. Strong Bullish Structure: All moving averages support the uptrend.

2. Momentum Indicators: MACD confirms bullish strength; RSI suggests short-term caution.

3. Volume Confirmation: Increasing volume on bullish candles supports price movement.

4. Risk Management: Entry on pullback with a defined SL ensures calculated risk.

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⚠️ Caution:

Since RSI is in the overbought zone, entering after a short pullback will provide a safer risk-to-reward ratio. Avoid entering at the peak.

Happy Trading! 📈