$BR The real breakout often comes after a period of calm. BTC is in exactly that kind of setup now: the daily moving averages remain in a bullish alignment, and the price is holding above EMA50 and EMA200. The overall trend hasn’t changed. Looking at the shorter time frames, buyers are in control on the 15-minute chart, and the 4-hour RSI is also above 55, so momentum is still with the bulls.
With this structure, I’d prefer to scale into long positions on a pullback to the range rather than chase the price higher. Of course, there’s risk: if the stop-loss is triggered, it means the daily bullish trend hasn’t held up, so I’d exit and wait. Do you think buyers are still holding firm on the one-hour chart?
🟢 Trade direction: Long
📍 Entry range: 0.6112027 – 0.6271539
🛑 Stop-loss: 0.4049298
🎯 Take profit 1: 0.7798646
🎯 Take profit 2: 0.8869888
🎯 Take profit 3: 1.0476752
Still waters run deep, and foresight lies within; through the market’s ebb and flow, stay composed.
Stand with Sister Fei and read the tides of wealth.
#BR
Click below to trade 👇
With this structure, I’d prefer to scale into long positions on a pullback to the range rather than chase the price higher. Of course, there’s risk: if the stop-loss is triggered, it means the daily bullish trend hasn’t held up, so I’d exit and wait. Do you think buyers are still holding firm on the one-hour chart?
🟢 Trade direction: Long
📍 Entry range: 0.6112027 – 0.6271539
🛑 Stop-loss: 0.4049298
🎯 Take profit 1: 0.7798646
🎯 Take profit 2: 0.8869888
🎯 Take profit 3: 1.0476752
Still waters run deep, and foresight lies within; through the market’s ebb and flow, stay composed.
Stand with Sister Fei and read the tides of wealth.
#BR
Click below to trade 👇