$BTC
Entry (Long): A buy signal would be a bullish rejection candle (e.g., hammer, bullish engulfing) at the 108,666 support level OR a break and hold above 112,618.
· Stop-Loss (Long): Below the key support zone, around 107,500.
· Take-Profit Targets (Long):
· TP1: 112,600
· TP2: 116,000
· TP3: 121,000
For Aggressive Traders (Anticipating the Bounce):
· Entry (Long): Near the current price (~110,100) or on a small dip towards 109,000, anticipating the support will hold.
· Stop-Loss (Long): A close below 108,600.
· Take-Profit: Same as above.
For Short Sellers:
· Entry (Short): On a break and close below the 108,666 support level.
· Stop-Loss (Short): Just above the 110,500 level (to account for wicks).
· Take-Profit (Short): 105,000 - 107,000 support zone.
# Prediction & Next Move Targets:
· Scenario 1 (Bearish - 60% Probability): Price fails to hold the 108,666 support and breaks down. The next target would be the 105,000 - 107,000 support zone.
· Scenario 2 (Bullish Reversal - 40% Probability): Price holds the 108,666 support and bounces. The initial target for the bounce would be the 112,618 resistance (24h High). A break above that would target the 121,183 level.