Following up on the $BTC
structure discussion, here is how I am personally breaking down the potential trade setups based on the 1H chart. As always, this is my view, not a signal.
Scenario A: The Bullish Confirmation Play 📈
Logical Entry: Wait for a decisive 1H candle close above the Pivot ($78,326.28). This is crucial for confirmation.
Stop Loss (SL): Below the previous consolidation and S1 support, around $77,300.
Take Profit 1 (TP1): $83,627.81 (R1). This is a significant liquidity area.
Take Profit 2 (TP2): $87,101.54 (R2). Hold a smaller portion for this extension if momentum is strong.
Risk/Reward (R:R): Approx. 1:4.8 for TP1.
Scenario B: The Support Dip Buy 📉
Logical Entry: A pullback and rejection (a long wick) at the S1 level ($77,950.55).
Stop Loss (SL): Below the recent low and S2, around $75,200.
Take Profit 1 (TP1): Quick scalp back to $81,500.
Take Profit 2 (TP2): Hold for the broader structure target at $83,627.81 (R1).
R:R: Approx. 1:2.3 for TP1.
The risk is higher on the dip buy due to the downward pressure seen recently, so I lean slightly toward Scenario A for a safer confirmation. Let's see how the next 8–12 hours play out.
#bitcoin #BTC #CryptoTrading #BinanceSquare #TechnicalAnalysis $ETH
structure discussion, here is how I am personally breaking down the potential trade setups based on the 1H chart. As always, this is my view, not a signal.
Scenario A: The Bullish Confirmation Play 📈
Logical Entry: Wait for a decisive 1H candle close above the Pivot ($78,326.28). This is crucial for confirmation.
Stop Loss (SL): Below the previous consolidation and S1 support, around $77,300.
Take Profit 1 (TP1): $83,627.81 (R1). This is a significant liquidity area.
Take Profit 2 (TP2): $87,101.54 (R2). Hold a smaller portion for this extension if momentum is strong.
Risk/Reward (R:R): Approx. 1:4.8 for TP1.
Scenario B: The Support Dip Buy 📉
Logical Entry: A pullback and rejection (a long wick) at the S1 level ($77,950.55).
Stop Loss (SL): Below the recent low and S2, around $75,200.
Take Profit 1 (TP1): Quick scalp back to $81,500.
Take Profit 2 (TP2): Hold for the broader structure target at $83,627.81 (R1).
R:R: Approx. 1:2.3 for TP1.
The risk is higher on the dip buy due to the downward pressure seen recently, so I lean slightly toward Scenario A for a safer confirmation. Let's see how the next 8–12 hours play out.
#bitcoin #BTC #CryptoTrading #BinanceSquare #TechnicalAnalysis $ETH
