$BTC
This appears to be a USD price chart showing significant volatility with:
- High: 104,985
- Low: 103,063
- Current price range between 103,200-107,200
- Timeframe shows data from 09:49 through 12:00 PM to 06:00 PM
The chart shows a strong downward move followed by some recovery, creating potential trading opportunities
Based on the volatility shown, here's a potential squeeze setup:
Indicator Settings:
1. Bollinger Bands (20,2)
2. Keltner Channel (20,1.5)
3. Momentum oscillator (optional)
Entry Conditions:
- Wait for price to break below both Bollinger and Keltner channels (squeeze)
- Look for accompanying volume spike
- MACD showing bearish crossover (for confirmation)
Trade Parameters:
- Entry: On break below 103,200 with confirmation
- Stop Loss: 103,600 (just above recent swing low)
- Take Profit: 102,400 (next support level)
- Risk/Reward: ~1:2 ratio