Namaskar LuckySevenTrader Community:


In the 30-minute timeframe, #Bitcoin❗ has broken through the $67,800 resistance, which has now turned into support. This presents a great opportunity for a scalping or short-term long trade. As the price retests this new support, here's a potential setup for a quick profit:

  • Entry: Around $67,963 (after the retest at support)

  • Stop Loss: $67,612 (to manage risk)

  • Take Profit 1: $68,668

  • Take Profit 2: $69,000

  • Take Profit 3: $69,500

With proper risk management, this setup offers a solid risk-to-reward ratio of 1:4.3, minimizing losses while maximizing potential gains.

As always, make sure to do your own analysis to build confidence in your trade before entering!

#LuckySevenTrader #BTCUSDT. #BinanceSquareFamily #technical_analysis
$BTC