$BTC

#BTC☀ #pe #everyone

Let's analyze the chart for BTCDOMUSDT you uploaded and provide recommendations for both long and short positions.

### Technical Analysis Overview:

1. Current Price: $2,905.00

2. Moving Averages:

- MA(7): $2,898.3 (short-term support)

- MA(25): $2,901.0 (mid-term support)

- MA(99): $2,962.1 (strong resistance)

3. Support and Resistance Levels:

- Immediate Resistance: $2,911.7 (recent high)

- Secondary Resistance: $2,952.5 (near upper wick of the previous candle)

- Immediate Support: $2,875.2 (recent low)

- Secondary Support: $2,871.3 (historical support zone)

4. MACD:

- The MACD histogram is showing signs of a potential bullish crossover. The bars are moving from negative to positive, indicating a possible shift in momentum.

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### Trading Recommendations:

#### 1. Long Position Strategy:

- Entry Point: $2,900.00 - $2,905.00

- If the price holds above the MA(7) or the price breaks above $2,911.7, it’s a potential buy signal.

- Take Profit (TP):

- TP1: $2,920.00 (recent price action resistance)

- TP2: $2,945.00 (historical resistance level)

- TP3: $2,962.1 (MA(99) strong resistance)

- Stop Loss (SL): $2,880.00

- Set the SL just below $2,875.2 (recent low support) to protect against downside risk.

- Trade Duration: 1-3 days, depending on momentum and how quickly the price reaches your targets.

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#### 2. Short Position Strategy:

- Entry Point: $2,910.00 - $2,915.00

- Consider entering a short if the price fails to break above $2,911.7 (recent high).

- Take Profit (TP):

- TP1: $2,885.00 (MA(7) and support zone)

- TP2: $2,875.00 (near recent low)

- TP3: $2,850.00 (next historical support level)

- Stop Loss (SL): $2,930.00

- Set the SL above $2,920.00 (first target zone) to protect against sudden upward reversals.

- Trade Duration: 1-2 days depending on how fast the price drops to your take profit levels.

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### Trade Summary:

#### Long Position:

- Entry: $2,900.00 - $2,905.00

- TP: $2,920.00 (TP1), $2,945.00 (TP2), $2,962.1 (TP3)

- SL: $2,880.00

- Duration: 1-3 days

#### Short Position:

- Entry: $2,910.00 - $2,915.00

- TP: $2,885.00 (TP1), $2,875.00 (TP2), $2,850.00 (TP3)

- SL: $2,930.00

- Duration: 1-2 days

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### Additional Considerations:

- Volume Confirmation: Watch for volume spikes to confirm the direction of the move.

- Market Sentiment: Keep an eye on broader crypto market trends, especially Bitcoin, as BTCDOMUSDT is highly correlated with overall Bitcoin movements.

- Risk Management: Ensure you are risking only a small percentage of your total capital per trade to manage potential losses.

Feel free to ask for more details or adjustments based on your strategy!