I'm eyeing a potential long opportunity if Bitcoin dips into the 104,600 – 104,650 range. Here's how I'm planning it:
Entry Zone: 104,600 – 104,650
Target Levels:
🎯 TP1: 104,900 – near the MA25 zone, which may act as minor resistance
🎯 TP2: 105,200 – the recent 24-hour high
🎯 TP3: 105,736 – supply zone area
Stop Loss:
🔒 Main SL: Below 104,200 – just beneath recent support and MA7
🔒 Aggressive SL: 104,100 – tighter for risk-managing scalpers
Risk Outlook: Moderate to Low – early signs of a reversal are shaping up
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🔴 Short Setup (Conditional)
If price action shows signs of rejection around 104,750 – 104,800, I’ll consider entering a short. This setup is dependent on confirmation of weakness.
Entry Zone: 104,750 – 104,800 (on rejection)
Target Levels:
🎯 TP1: 104,300 – minor support area
🎯 TP2: 103,900 – recent low
🎯 TP3: 103,450 – swing low level
Stop Loss:
🔒 Main SL: Above 105,000 – invalidates bearish rejection
🔒 Conservative SL: 105,150 – gives extra room for volatility
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📌 Note: Always wait for confirmation and manage your position size based on your risk appetite. These are my personal setups, not financial advice.
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Let me know if you'd like this formatted for a trading community post (like Telegram or Twitte$BTC $r), or if you want it visualized as a chart annotation.
