Trade Recommendation: Long BTC/USD
The following table outlines the parameters for this trade:
Table: BTC/USD Long Trade Parameters
| Parameter | Value(s) |
|----------------|-----------------------|
| Entry Point(s) | $104,500 - $105,200 |
| Stop Loss | $103,500 |
| Take Profit 1 | $107,500 |
| Take Profit 2 | $109,500 |
| Risk/Reward (TP1)| Approx. 1:2.5 to 1:3 |
Explanation: The entry range is situated within the identified demand zone. The stop loss is positioned just below this zone and the recent lows to effectively manage risk should the support fail. Take Profit 1 targets the intermediate supply zone, while Take Profit 2 aims for the higher resistance area. The risk-to-reward ratio for the first take-profit level is favorable.
