BTC is trading around $86,320, approaching near the $87,395 resistance after breaking a short-term bearish structure.
$BTC – LONG
Trading plan:
Entry: $86,249.89 – $86,390.11
SL: $85,618.94
TP1: $87,581.91
TP2: $88,189.49
TP3: $88,890.55
Why this setup?
• The 4h trend is LONG; EMA20=$84,170.84, EMA50=$81,022.09.
• RSI 15m=52.9; RSI 4h=81.6.
• ATR 1h=$467.37; the entry is around the current price, TP1 has an R:R of 1.8.
Discussion:
RSI 4h has entered the overbought zone at 81.6, which may cause a short pullback before continuing higher, but if it loses $85,618, that will invalidate the 4h bullish structure.
Click here to trade 👇
$BTC – LONG
Trading plan:
Entry: $86,249.89 – $86,390.11
SL: $85,618.94
TP1: $87,581.91
TP2: $88,189.49
TP3: $88,890.55
Why this setup?
• The 4h trend is LONG; EMA20=$84,170.84, EMA50=$81,022.09.
• RSI 15m=52.9; RSI 4h=81.6.
• ATR 1h=$467.37; the entry is around the current price, TP1 has an R:R of 1.8.
Discussion:
RSI 4h has entered the overbought zone at 81.6, which may cause a short pullback before continuing higher, but if it loses $85,618, that will invalidate the 4h bullish structure.
Click here to trade 👇
