#BTC/USDT trading data, the current price is 92,165.41. ๐
The price is trading near the lower Bollinger Band (DN: 89,697.53). ๐
The MACD indicates bearish momentum. โ ๏ธ
The proximity to the lower Bollinger Band suggests potential support. ๐ก๏ธ
A long trade setup is feasible for a bounce. ๐
๐ฏ Trade Setup
Direction: Long (Buy). ๐ข
Rationale: Price is near the lower Bollinger Band support. ๐
Despite bearish MACD, a rebound from this level is anticipated. ๐
The 24h low at 89,253.78 reinforces the support zone. ๐งฑ
โ
Entry Zone
89,700 โ 93,000 USDT. ๐ฏ
Enter near the lower Bollinger Band for optimal risk-reward. ๐น
๐ซ Stop Loss
88,500 USDT. ๐ป
Placed below the 24h low to account for a potential breakdown. โก
๐ฏ Take Profit Levels
Take Profit 1: 95,800 USDT. ๐
Targeting the 24h high as immediate resistance. ๐งจ
Take Profit 2: 96,000 USDT. ๐
Next resistance level based on price structure. ๐
Take Profit 3: 101,300 USDT. ๐
Aligns with the middle Bollinger Band (MB: 101,307.14) for a larger move. ๐ข
#BTC #CryptoTrading #Setup