┌────────────────────────────────────────────────────┐
│ │
│ ▲ Entry ~107,500 │
│ ╱\ (after hammer/doji reversal) │
│ ╱ ██████████ │
│ █████ 📈 mid-profit marker ~108,400 │
│ ╲ ██████████ │
│ ╲__▼ Exit ~109,000 │
│ │
└────────────────────────────────────────────────────┘
📍 Entry Point (~ 107,500 USD)
$BTC Spot a hammer or bullish doji forming near a support zone (~107k–107.5k). These indicate market indecision followed by strong buying .
Enter once price breaks above the high of that candle, with confirmation by volume.
🟢 Mid-Trade Profit (~ 108,400 USD) $BTC
Price often retraces or consolidates after initial move. You can scale out a portion (~50%) at a mid-target near recent resistance at ~108.4k.
This secures profit and lowers risk, even if full target isn’t hit.
✨ Exit Point (~ 109,000 USD) $BTC
Final take-profit near next resistance cluster (~109k–109.5k).
Optionally trail your stop-loss just below swing lows or recent support (~108k) to ride further upside while locking gains.
---
Why this setup works:
BTC formed round bottom reversal pattern and bullish candle after testing support ~107k .
Resistance lies ahead near ~114k (per Business Insider), making conservative profit target realistic .
Risk/reward: risking ~500 USD (entry to stop-loss ~107k), aiming for ~1500 USD upside offers 1:3 ratio—solid trade parameters.
---
🔧 Tips:
Always set a stop‑loss just under the low of the signal candle (~107k or slightly lower).
Use volume confirmation to validate entry.
Consider using Heikin‑Ashi candles for smoother trend visibility .