BTC is fluctuating around the $83.6k level, showing signs of a mild rebound after falling 1% in 24 hours. Short-term indicators suggest the RSI is in oversold territory, creating an opportunity for a LONG.
$BTC – LONG
Trading plan:
Entry: $83,550.91 – $83,671.25
SL: $83,009.35
TP1: $84,694.20
TP2: $85,215.70
TP3: $85,817.44
Why is this setup?
• The 4h trend is LONG; EMA20=$84,322.97, EMA50=$83,695.08.
• RSI 15m=37.2; RSI 4h=44.0.
• ATR 1h=$401.16; the entry is around the current price, TP1 has an R:R of 1.8.
Discussion:
If price holds the EMA50 support zone and breaks through TP1, profits can reach the target; but if price moves strongly in the opposite direction, the SL may be triggered quickly.
Click here to trade 👇
BINANCE DATA: BTC price $83,611.07, 24h -1.03% (down); daily support $74,967.97, daily resistance $87,395.67.
$BTC – LONG
Trading plan:
Entry: $83,550.91 – $83,671.25
SL: $83,009.35
TP1: $84,694.20
TP2: $85,215.70
TP3: $85,817.44
Why is this setup?
• The 4h trend is LONG; EMA20=$84,322.97, EMA50=$83,695.08.
• RSI 15m=37.2; RSI 4h=44.0.
• ATR 1h=$401.16; the entry is around the current price, TP1 has an R:R of 1.8.
Discussion:
If price holds the EMA50 support zone and breaks through TP1, profits can reach the target; but if price moves strongly in the opposite direction, the SL may be triggered quickly.
Click here to trade 👇
BINANCE DATA: BTC price $83,611.07, 24h -1.03% (down); daily support $74,967.97, daily resistance $87,395.67.
