#TradingStrategyMistakes #bitcoin

RealTIme trading strategy

Bitcoin Entry and Exit (Next 15 Minutes, as of July 12, 2025, 07:23 PM IST):

Current Market Context: Bitcoin is trading around $117,595–$118,018, with an overbought RSI (72.85) and mixed short-term signals on the 15-minute chart. Recent X posts suggest bearish momentum with potential rejection near $117,680–$118,200.coincodex.com Entry: Avoid entering a new position due to overbought conditions and bearish signals on short timeframes. If scalping, consider a buy on a dip to support near $116,000–$117,000, confirmed by a bullish reversal (e.g., RSI dropping below 70 with a bounce). For a short, enter on a break below $117,488 with a stop-loss above $118,200. Exit: If holding a long position, consider exiting or taking profits near $117,500–$117,680 due to resistance and overbought RSI. For shorts, target exits at $117,400 or $117,200, as suggested by recent signals. Set a stop-loss above $118,200 to manage risk. Caution: The 15-minute timeframe is highly volatile, and signals can change rapidly. Monitor real-time price action, RSI, and MACD for confirmation. Use tight stop-losses.

Disclaimer: This is not financial advice. Cryptocurrency trading carries high risk. Conduct your own research and manage risk carefully.coincodex.com