$BTC Hello, Binance traders! Today I want to share a swing trading strategy that I am following with BTC/USDT.
After a drop from $106K, BTC is consolidating in a technical support zone between $102.9K and $103.3K, with signs of lateral compression and low volume. I am watching for a possible technical rebound setup, which gives me a cue for a tactical entry.
🎯 Strategy I am applying:
Entry: After confirmation of an engulfing green candle above $103.3K
Stop: Just below the last strong support ($102.9K)
Targets: $103.9K / $104.4K / $105K if it breaks above the MA99
📊 I support this strategy based on the crossing of short-term moving averages and analysis of decreasing volume (possible accumulation).
💡 Volume is key: if it increases, it could confirm an exit from the range.
What would you do? Would you enter this zone or wait for a breakout at $104K?
