If the price retraces to 0.0508–0.0512, then finds support and forms a bullish candle, a long entry may be comparatively better-defined.
SL: 0.0490 TP: 0.0541 → 0.0551 → 0.0570
Short: Taking a short directly right now looks like a weak setup on the chart. A short would be considered only when you get a 15m candle close below 0.0508 and the retest fails.
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Overall, this is the ideal scenario for $BTC from a risk-to-reward perspective.
But as you said, entering a trade right now is risky — either long or short. Price is basically sitting in the middle of nowhere, as you guys said. #BTC #DollarIndexHitsHighestSinceMay2025