🚀 $BTC | LONG SETUP
🎯 Trading plan:
Entry: 63,132.1 (or around 63,061.4 – 63,202.8)
TP1: 63,641.4 (+1.56%)
TP2: 63,980.9 (+2.72%)
TP3: 64,490.1 (+3.85%)
Stop Loss: 62,453.1 (-1.00%)
📊 Technical analysis:
Observations show that the price of $BTC is showing signs of recovery after a correction. The RSI indicator on the 4-hour chart isn't signaling overbought conditions, while the ATR indicator on the 1-hour chart indicates that volatility is tightening, signaling a potential bullish breakout.
The entry price zone is relatively tight, centered around the 63,061 - 63,202 range. Take profit targets are set at 63,641, 63,980, and further at 64,490. The bearish trend on the daily chart might just be a market "trap," rather than a continuation signal for the downtrend.
Trade $BTC now by clicking on the chart below 👇
🎯 Trading plan:
Entry: 63,132.1 (or around 63,061.4 – 63,202.8)
TP1: 63,641.4 (+1.56%)
TP2: 63,980.9 (+2.72%)
TP3: 64,490.1 (+3.85%)
Stop Loss: 62,453.1 (-1.00%)
📊 Technical analysis:
Observations show that the price of $BTC is showing signs of recovery after a correction. The RSI indicator on the 4-hour chart isn't signaling overbought conditions, while the ATR indicator on the 1-hour chart indicates that volatility is tightening, signaling a potential bullish breakout.
The entry price zone is relatively tight, centered around the 63,061 - 63,202 range. Take profit targets are set at 63,641, 63,980, and further at 64,490. The bearish trend on the daily chart might just be a market "trap," rather than a continuation signal for the downtrend.
Trade $BTC now by clicking on the chart below 👇