$BTC 🟢 Trade Plan
🎯 Entry Point
Ideal Entry (Long): Around $106,300 – $106,600
This is where price is hovering just above the short-term MA(7), trying to reclaim the bullish bias.
Confirm entry if candle closes above $106,700 on solid volume.
✅ Take Profit Levels
1. TP1: $107,800 – Just below recent resistance & MA(25)
2. TP2: $108,700 – Previous high (strong resistance)
3. TP3: $109,300 – Psychological barrier, may get rejected here
Use a partial exit strategy:
Close 30% at TP1
Another 40% at TP2
Leave 30% for TP3 with a trailing stop
❌ Stop Loss
Initial Stop Loss: $104,900
Just below the recent minor support and below the low of the last retracement.
Risk: About $1,700–1,800 per BTC
🔁 Risk-to-Reward Ratio
Entry: $106,600
Stop Loss: $104,900 (-$1,700)
Target 1: $107,800 (+$1,200) → Risk:Reward = ~1:0.7
Target 2: $108,700 (+$2,100) → Risk:Reward = ~1:1.2
Target 3: $109,300 (+$2,700) → Risk:Reward = ~1:1.6