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frostyCauldron
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This was an accurate signal. Followed.
Crypto-Analyst-92
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Bullish
$BTC Bull Run Alert!💰🚨
$BTC Ready to Recover What it Lost!✍️📈💯
📊BTC/USDT Trading Analysis🔎
Current Market Status:
Price: $96,339.62
24h High: $98,300.05
24h Low: $94,876.88
Trend: Recovery from local bottom of $94,876.88
Indicators:
MA(7): $96,193.40 (Short-term moving average)
MA(25): $95,817.97 (Medium-term moving average)
MA(99): $96,413.88 (Long-term moving average)
RSI(6): 80.99 (Overbought zone)
Trading Plan:
1. Entry Zone:
Current price is approaching MA(99) at $96,413.88, a potential resistance level.
Best entry:
Aggressive traders: Can enter around $96,300-$96,400, with a tight stop-loss.
Conservative traders: Wait for a retracement near $95,800-$96,000 (near MA(25)) for a better risk-reward.
2. Stop-Loss:
Short-term traders: $95,450 (Below recent support & MA(25))
Swing traders: $94,800 (Below previous day’s low)
3. Target Levels:
First Target (T1): $97,000-$97,200 (Resistance zone & psychological level)
Second Target (T2): $98,000-$98,300 (24h High & major resistance)
Extended Target (T3): $98,800-$99,000 (Potential breakout area)
Reasons for This Strategy:
Strong Uptrend Recovery: The price is rebounding from a local bottom ($94,876), indicating bullish momentum.
RSI Overbought: At 80.99, RSI suggests a possible short-term pullback, making lower entries safer.
Moving Averages: Price is testing MA(99), which may act as resistance before a breakout.
Volume Analysis: Increased buying pressure, but a small pullback could provide a better entry.
Risk Management:
Risk-Reward Ratio: 1:2 or better (stop-loss near $95,450 and target near $98,000)
Avoid Buying at Peaks: Since RSI is overbought, entering near MA(99) could be risky unless a strong breakout occurs.
Conclusion:
If price breaks above $96,500-$96,800, expect a move to $97,500-$98,300.
If price rejects from MA(99), a retracement to $95,800-$96,000 is likely.
Safer Entry: Buy near $95,800 with a stop below $94,800 and target $98,000+.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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Bought 100 coins at 7.6
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This morning, I made some mistakes that cost me some of my gains. Sleeping and experimenting with hedge mode. I managed to turn a winning hedge into a losing hand with liquidation at my door. I chose to cut my losses rather than risk it. Would have made a killing since the market favored me, but better safe than liquidated. Day just started. Let's see how it goes. #LearnBinance #RiskControl
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This was possibly the first post that makes any sense and doesn't read like a bot.
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Only a few trades today. $BTC isn't giving so I'm out. Don't be greedy.
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