BTC price dips to $83,950.00 after 24h -2.68%, but is supported at $74,967.97, while resistance at $87,395.67 is waiting for pressure.
$BTC – LONG
Trading plan:
Entry: $83,866.97 – $84,033.03
SL: $83,119.71
TP1: $85,444.53
TP2: $86,164.11
TP3: $86,994.41
Why set this up?
• The 4h trend is LONG; EMA20=$84,413.22, EMA50=$81,468.17.
• RSI 15m=12.7; RSI 4h=31.9.
• ATR 1h=$553.53; the entry is around the current price, TP1 has an R:R of 1.8.
Discussion:
The long opportunity is supported by the 4h price action and low RSI, but the SL at $83,119.71 could be swept quickly if price suddenly drops below $83,500 when there is no renewed price confirmation.
Click here to trade 👇
$BTC – LONG
Trading plan:
Entry: $83,866.97 – $84,033.03
SL: $83,119.71
TP1: $85,444.53
TP2: $86,164.11
TP3: $86,994.41
Why set this up?
• The 4h trend is LONG; EMA20=$84,413.22, EMA50=$81,468.17.
• RSI 15m=12.7; RSI 4h=31.9.
• ATR 1h=$553.53; the entry is around the current price, TP1 has an R:R of 1.8.
Discussion:
The long opportunity is supported by the 4h price action and low RSI, but the SL at $83,119.71 could be swept quickly if price suddenly drops below $83,500 when there is no renewed price confirmation.
Click here to trade 👇
