🚀 BTC Long Setup in Focus 📈
Trading Plan:
Bias: Long
Entry: 88,000 - 88,400
SL: 87,500
TP1–TP3: 89,000 / 89,800 / 90,500
Technical Analysis:
The price is currently in a consolidation phase following a pullback from the 90,599 high. From a bullish perspective, this is a potential support-building area above the key swing low of 87,548.5. The chart shows an attempt to establish a higher low, which is constructive for a continuation of the prior uptrend. A confirmation signal for this long setup would be a decisive price reclaim of the EMA cluster (around 88,500) on the 15-minute timeframe, coupled with increasing volume, signaling a potential move towards retesting higher resistance levels.
Invalidation:
Only a break and close below 87,500 would invalidate this bullish setup.
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