Based on the H4 chart you provided for BTC/USD, here’s a potential trade setup based on price action and recent trend behavior:
✅ Trade Direction: BUY (Long Position)
📌 Entry Point:
Above: 118,900 - 119,000 USD
This breaks the immediate resistance level that the price is currently testing.
🎯 Target (Take Profit - TP):
1. First TP: 120,900 USD (recent swing high)
2. Second TP: 122,600 USD (next resistance level)
3. Final TP: 124,000 USD (if bullish momentum continues)
🛑 Stop Loss (SL):
Below: 117,000 USD
This is beneath the recent pullback low, ensuring some protection if the price reverses.
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📝 Summary of Trade Plan:
Action Price Level
Entry (Buy) 118,900-119,000
Stop Loss 117,000
Take Profit 1 120,900
Take Profit 2 122,600
Take Profit 3 124,000
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⚠️ Important Notes:
Monitor the price reaction around 119,000 USD — if there's a rejection, avoid entering.
Adjust stop loss to breakeven after hitting the first TP.
Always use proper risk management per your account size.
Let me know if you'd like a Sell/Short plan or a more conservative strategy!