$BTC To analyze a potential trade entry for Bitcoin based on the chart provided:
Entry Point
- Consider entering a long position at around 105,650 if the price shows a bullish breakout from the current resistance level.
Take Profit (TP)
- Set a take profit level at around 106,800. This level could correspond to a recent high or a significant resistance point above the current price.
Stop Loss (SL)
- Place a stop loss just below the last swing low, around 104,800. This helps minimize potential losses in case the market moves against you.
Summary
- Entry: 105,650
- TP: 106,800
- SL: 104,800
Always ensure to manage risks appropriately and adjust levels based on live market conditions and your trading strategy.