📊 BTC/USDT Trade Plan (Current Price: ~$118,400)
📥 Entry Range: $116,000 – $118,000
Look to enter around this zone, which aligns with strong support from recent swing lows and the bottom of the 4-hour channel.
🛑 Stop Loss: $114,500
Place your stop just below support and the 50-day moving average, which previously acted as resistance near $109,000 and has now flipped to support.
🎯 Target 1: $123,100
This is a key resistance level and previous pivot point—ideal for taking partial profits.
🚀 Target 2: $134,500
Derived from a bullish cup-and-handle pattern, this level marks the next major upside target.
🌕 Final Target: $146,400
This is based on the measured move from a breakout above the descending channel.
💡 Risk Management Tips
Only risk 1–2% of your total capital per trade.
Use position sizing based on a $3,500 stop distance (from $118,000 to $114,500).
Enter between $116K and $118K, and set your stop at $114,500 🛡️.
Take some profit at $123,100 🎯 and adjust your stop to breakeven 🔐.
Hold the remaining position for higher targets at $134,500 🚀 and possibly $146,400 🌕.
Momentum indicators (RSI and MACD) suggest bullish strength without being overbought. Stay updated on market sentiment and macroeconomic news, as Bitcoin tends to rise during risk-on periods 📈.
Stick to your strategy and manage risk for long-term trading success ✅.
