$BTC /USDT BULLISH BREAKOUT SETUP AS PRICE STABILIZES ABOVE SUPPORT ZONE
BTC/USDT has found strong support near 113,725.72 after a slight retracement from the 115,720.00 resistance zone. The MACD histogram has turned positive, suggesting a potential bullish breakout if the price reclaims momentum above the immediate resistance.
MACD Indicators:
DIF: -116.19
DEA: -142.28
MACD Histogram: +26.09
A confirmed breakout above 115,100.00 will likely drive price towards higher targets.
TRADE SETUP:
Long Entry: Above 115,100.00
Take Profit (TP1): 115,700.00
Take Profit (TP2): 116,500.00
Stop Loss (SL): Below 113,700.00
Risk Management: Limit exposure to 2-3% per trade. Ensure strict stop-loss placement to protect against fake breakouts. Position sizing should be adjusted according to market volatility.
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