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Demo - Trader
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Bullish$BTC : Key Demand Zone Test & Recovery Bounce 📈
Trading Setup: Long
Entry Zone: 89000– 89500
SL: 88300
TP1: 90400
TP2: 91500
TP3: 93050
$BTC
Technical Analysis
$BTC is currently retesting a crucial demand zone around $88,412.8 on the H4 chart following a sharp price drop. The price action is showing signs of buyer intervention, evidenced by lower wicks appearing. The 15-minute RSI is in the oversold region, indicating exhaustion of immediate selling momentum and setting the stage for a strong technical bounce.
Execution Trigger
The setup identifies a bullish recovery play. The visible positive reaction and defense of the 88300 support zone serve as the confirmation signal. This structure validates the long entry, targeting a recovery bounce toward 90400 and potentially extending to the 93050 resistance level. The trade is invalidated if BTC breaks below the 88300 stop loss, which would shatter the crucial support structure.
Trading Setup: Long
Entry Zone: 89000– 89500
SL: 88300
TP1: 90400
TP2: 91500
TP3: 93050
$BTC
Technical Analysis
$BTC is currently retesting a crucial demand zone around $88,412.8 on the H4 chart following a sharp price drop. The price action is showing signs of buyer intervention, evidenced by lower wicks appearing. The 15-minute RSI is in the oversold region, indicating exhaustion of immediate selling momentum and setting the stage for a strong technical bounce.
Execution Trigger
The setup identifies a bullish recovery play. The visible positive reaction and defense of the 88300 support zone serve as the confirmation signal. This structure validates the long entry, targeting a recovery bounce toward 90400 and potentially extending to the 93050 resistance level. The trade is invalidated if BTC breaks below the 88300 stop loss, which would shatter the crucial support structure.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.