With the price of #BTC dropping to 103000$ , the strategy #SwingTradingStrategy highlights a clear buying opportunity in strong support areas. Currently, the range of 102600$ - 103500$ is considered a strong attraction area for traders, supported by the current price. Once the rebound within this range is confirmed, one can enter at 103200$ with a stop loss set at 102500. This would yield initial profit-taking at the nearby resistance of 105000, followed by higher levels at 106200 if the momentum continues. Using indicators like RSI and MACD is advisable to confirm momentum reversal, and one must ensure discipline in risk management. Trading on a swing frame allows for dealing with the medium period without being preoccupied with immediate market fluctuations #SwingTradingStrategy .
With the price of #BTC dropping to 103000$ , the strategy #SwingTradingStrategy highlights a clear buying opportunity in strong support areas. Currently, the range of 102600$ - 103500$ is considered a strong attraction area for traders, supported by the current price. Once the rebound within this range is confirmed, one can enter at 103200$ with a stop loss set at 102500. This would yield initial profit-taking at the nearby resistance of 105000, followed by higher levels at 106200 if the momentum continues. Using indicators like RSI and MACD is advisable to confirm momentum reversal, and one must ensure discipline in risk management. Trading on a swing frame allows for dealing with the medium period without being preoccupied with immediate market fluctuations #SwingTradingStrategy .