Bullish Trade Signal for $BTC /USDT
Bitcoin is trading at $108,334.28, up 0.23%, and consolidating in a tight range between $107,800 and $108,389.
Despite lower volume ($372M in USDT), the price is forming higher lows and pressing against the $108,400 resistance zone, indicating bullish compression.
The setup suggests a potential breakout continuation if momentum picks up.
Entry Zone: $108,000 – $108,200
Take Profit Targets:
TP1: $108,800,
TP2: $109,500,
TP3: $110,000
Stop Loss: $107,700
Traders should wait for a candle close above $108,400 to confirm strength.
If TP1 is reached, consider moving the stop to breakeven at $108,200.
Suggested profit-taking strategy: 40% at TP1, 40% at TP2, and the remaining 20% at TP3.
While the setup offers a ~1:3 risk-reward ratio, patience is key due to current low volatility conditions that could lead to false breakouts.
Trade here 👉🏻 $BTC