Bitcoin is maintaining a stable recovery momentum around the $65,000 price area, preparing for a move to test the nearest resistance levels.
$BTC – LONG
Trading plan:
Entry: $65,065.11 – $65,125.69
SL: $64,792.50
TP1: $65,640.62
TP2: $65,903.13
TP3: $66,206.03
Why this setup?
• The 4h trend is LONG; EMA20=$64,867.21, EMA50=$64,253.94.
• RSI 15m=52.5; RSI 4h=54.2.
• ATR 1h=$201.93; the entry is around the current price, and TP1 has an R:R of 1.8.
Is the buying strength at the EMA20 zone strong enough to push price up to the TP3 target, or will a pullback (liquidity sweep) below $64,792 happen before the uptrend continues?
Click here to trade 👇
$BTC – LONG
Trading plan:
Entry: $65,065.11 – $65,125.69
SL: $64,792.50
TP1: $65,640.62
TP2: $65,903.13
TP3: $66,206.03
Why this setup?
• The 4h trend is LONG; EMA20=$64,867.21, EMA50=$64,253.94.
• RSI 15m=52.5; RSI 4h=54.2.
• ATR 1h=$201.93; the entry is around the current price, and TP1 has an R:R of 1.8.
Is the buying strength at the EMA20 zone strong enough to push price up to the TP3 target, or will a pullback (liquidity sweep) below $64,792 happen before the uptrend continues?
Click here to trade 👇