#RiskRewardRatio Chart Analysis Summary

Current Price: $76,068.16

24h Change: -3.83% (Red candle)

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Key Observations:

1. Downward Momentum:

Price recently dropped sharply from around $82,000 to $74,500.

The trend is currently bearish (downward), breaking key support levels.

2. Support & Resistance:

Support around $74,508 (recent wick low).

Major resistance at $82,310 and higher at $87,050.

If the $74.5k level breaks, next strong support is around $73,592.

3. RSI (Relative Strength Index):

RSI(6) is at 19.48 — this is oversold, meaning a potential short-term bounce could happen.

RSI(40) and RSI(60) are neutral to bearish.

4. Stochastic KDJ:

K, D, and J lines are all very low — this further confirms oversold conditions.

A reversal might be near, but confirmation is needed.

5. Volume:

Volume increased during the red candles — suggests strong selling pressure.

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Profit Strategy Suggestions

Short-Term (Swing Trading):

Wait for a Reversal Confirmation:

Look for a bullish candle or a RSI bounce above 30 before buying.

If BTC closes above $77,800, it could start retracing upward to $82,000.

Scalp Trade Idea:

Buy near $74,500–$75,000, set tight stop-loss at $73,500.

Target $78,000–$80,000.

Mid-Term:

Watch Trend Lines:

If BTC breaks above $82,000 with volume, it could head back toward $87,000 or more.

You can set buy triggers above resistance levels with tight stop-losses.

Consider Shorting (if you’re experienced):

If price breaks below $73,500, more downside is likely.

Short entry idea: Below $73.5k, target $70k with a stop-loss at $75k.

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Risk Management Tips:

Never invest more than you can afford to lose.

Always use stop-loss orders to protect capital.

Start with small positions and scale in once confirmed.

Avoid FOMO and emotional trades.

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