BTC/USD 15-Minute Long Setup: Bullish Reversal Targeting 120,324

Entry Point: 116,298.60 USD

This is marked as the optimal entry zone (highlighted purple zone).

Stop Loss: 115,756.61 USD

Set just below the support zone to limit risk (~540 points or -0.47%).

Target (TP): 120,324.76 USD

A projected upward move (~4,026 points or +3.46%).

๐Ÿ“Š Risk-Reward Ratio

Approximate Risk: ~540 points

Approximate Reward: ~4,026 points

Risk/Reward Ratio: ~1:7.45, which is very favorable.

๐Ÿ“Œ Technical Indicators & Patterns

Bullish structure with higher lows and strong recovery wicks.

EMA (red line): Price is oscillating around the EMA, indicating consolidation before potential breakout.

Support Zone: Around 116,000โ€“116,300 (purple area).

Reversal Points: Multiple swing highs and lows marked by orange circles, potentially showing previous resistance/support pivots.

๐Ÿง  Strategy Insight

Buyer interest is evident around the 116,000โ€“116,300 zone.

If BTC holds this level and bounces, the next potential move targets 120,324.

If the price breaks below 115,756, the bullish setup invalidates.