Current Price: $105,892.29
Recent Low: $102,664.31
24h High/Low: $108,450.16 / $102,664.31
Trend: Recently rebounding after a sharp drop, attempting to reclaim the 99 MA (purple line).
MACD: Still negative but showing signs of decreasing bearish momentum.
MA(7) < MA(25) < MA(99): Still a bearish setup, but short-term momentum might support a relief bounce.
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📈 Spot Trading Signal (Short-term Swing Setup)
✅ 1. Entry Point (Buy Zone):
Buy near: $105,400 – $105,800
Just above the 99-period MA ($105,951.60) on the 4H — ideal for a confirmation breakout.
If price dips slightly toward support again, re-entry near $104,800 could offer better risk/reward.
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🛑 2. Stop-Loss Placement:
Stop-loss: $102,200
Below the recent low ($102,664.31) and psychological support ($102,500).
Protects against breakdown continuation.
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🎯 3. Take-Profit Target:
TP1: $107,950
Near the MA(25) line and recent rejection zone.
TP2: $109,200
Resistance level before the sharp drop.
TP3 (aggressive): $110,500
If bullish momentum continues.
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🧠 Risk-Reward Assessment:
Risk: ~3.5%
Reward (TP1): ~2%
Reward (TP2): ~3.1%
Reward (TP3): ~4.4%+
Strategy Type: Relief rally / Short-term reversal play
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⚠️ Notes:
Watch volume — any breakout above $106,000 with strong buy volume confirms bullish intent.
Use trailing stop if TP1 is hit and momentum remains strong.
Not financial advice — conduct your own due diligence or consult a professional.