Setup for $BTC
/USDT
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1. Coin Name:
$BTC /USDT
2. 24 Hours Change:
+0.60% (BTC is showing mild upward movement.)
*3. Targets*:
- *TP1*: *81,276.12* – A potential support level where the price may slow down.
- *TP2*: *80,607.65* – The *24h low*, a significant level to watch for price action.
- *TP3*: *80,411.03* – A deeper support level that could act as a final target.
*4. Entry Time*:
- *Short Entry*: Enter the short position around *82,176.92* or slightly below, as BTC could face resistance near this level.
*5. Stop Loss*:
- *Stop Loss*: Place the stop loss just above the *24h high* at *84,539.85* to protect from any unexpected upward movement.
*6. Take Profit*:
- *Take Profit (TP1)*: *81,276.12*
- *Take Profit (TP2)*: *80,607.65*
- *Take Profit (TP3)*: *80,411.03*
*7. Maximum Profit*:
- *Maximum Profit*: If BTC reaches *80,411.03*, the potential profit could be around **2-3
*8. Maximum Loss*:
- *Maximum Loss*: If the price rises above *84,539.85*, your loss could be around *2-3%*.
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*Risk-Reward Ratio*:
- *Risk*: 2-3%
- *Reward*: 2-3% (from TP1 to TP3)
This trade has a *1:1 Risk-Reward ratio*, suggesting a balanced trade with relatively equal potential for reward and risk.
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*Next Steps*:#VIRTUALWhales
