$BTC Trade Plan
The 1-hour candlestick chart of BTC/USD on Binance reveals a robust bullish trend, with the price at 104,910.76 after a 66% surge. Spanning June 6, 2025, from 05:00 to 19:30, the chart shows three upward-trending moving averages—MA(7) at 104,750.16, MA(25) at 104,483.08, and MA(99) at 102,998.95—underscoring strong momentum. The price, nearing its 24-hour high of 105,333.00, has broken above the MA(99) resistance, signaling potential for further gains.
📝Trade Details:
👉Entry Point: Buy at 104,750 (pullback to MA(7))
Stop Loss: 104,400 (below MA(25) and swing low)
🎯Take Profit: 105,545 (near resistance)
Reasoning:
A pullback to MA(7) offers support in this uptrend. The stop loss limits risk, while the take profit targets resistance, balancing reward and safety.