#SwingTradingStrategy $BTC
With the price of #BTC declining to $103,000, the #SwingTradingStrategy strategy highlights a clear opportunity to buy in strong support areas. Currently, the $102,600-$103,500 range is a strong attraction for traders, supported by the current price. Once a rebound within this range is confirmed, entry can be made at $103,200 with a stop-loss at $102,500. Initial profit-taking is at the nearby resistance of $105,000, followed by higher levels at $106,200 if the momentum continues. Using indicators such as the RSI and MACD is a good way to confirm the momentum reversal. Disciplined risk management must be ensured. Trading on a swing timeframe allows for medium-term trading without being distracted by immediate market fluctuations.