1. Current Price
103,560.44 USDT
Daily Change: +0.68%
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2. Moving Averages (MA)
MA(9): 103,594.24 (above current price)
MA(21): 103,588.88
MA(25): 103,606.16
MA(99): 103,377.07
MA(200): 103,529.68
Interpretation:
Price is between short- and long-term moving averages.
MA(9) & MA(21) are close to crossing, indicating a potential breakout or correction.
MA(200) is flat, suggesting consolidation with no strong trend.
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3. Support & Resistance
Nearest Support: Around 102,811 (recent low)
Nearest Resistance: Around 103,966 (24-hour high)
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4. RSI Indicators
RSI(14): 47.33 — Neutral, nearing oversold
Stochastic RSI: %K = 25.06, %D = 31.87 — Close to oversold area → possible price rebound
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5. Volume
Volume is steady, no major spikes — indicates lack of strong momentum for now
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6. Overall Technical Signal
Current Trend: Short-term consolidation after a pullback
Momentum: Weak, but potential for rebound
Strategy: Consider entering when price bounces off support
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Entry, Take Profit (TP), and Stop Loss (SL) Strategy
Buy Scenario (Long Position):
Entry Zone: 103,200 – 103,400 USDT (near support and MA(99))
Take Profit (TP):
TP1: 103,960 (daily resistance)
TP2: 104,500 (if breakout succeeds)
Stop Loss (SL): 102,750 (below recent support)
Risk/Reward Ratio (TP1):
Ris
k: ~650 points
Reward: ~560 points
Fair risk-reward, can be optimized using a trailing stop
#bitcoin #ScalpingTrading $BTC