#Bitcoin is approaching a potential breakout, with current resistance around $85,000 and support near $82,000. Traders should prepare for volatility by setting strategic stop-loss and take-profit levels.
Stop-loss:
Stop-Loss: If going long, set a stop-loss just below $82,000 to minimize downside risk. If shorting, place it above $85,500 to avoid getting trapped in a breakout.
Take Profit:
Take-Profit: For a long trade, target $88,000 - $90,000 if momentum builds. If shorting, aim for $79,000 - $80,000 on a breakdown.
Risk-Reward:
Risk-Reward: Use a 1:2 or 1:3 ratio to balance risk and potential returns.
Conclusion :
With market uncertainty and upcoming economic events, trade cautiously and adjust positions as BTC reacts. Always use stop-loss to manage risk.