$BTW Opportunities to pick up easy money are often disguised as traps. I’ve been watching this BTC setup for quite a while. On both the four-hour and one-hour charts, the price is holding steady above EMA50 and EMA200. The bullish moving-average alignment remains intact, which is direct evidence that the trend is still in place. On the 15-minute chart, ADX is at 26.8, and buyers’ DI is clearly above sellers’, showing that momentum is still in the buyers’ hands. However, the price has already stretched more than four ATRs away from the one-hour EMA50. It’s too far above the moving average in the short term, so chasing the rally carries considerable risk.
So I’m in no hurry to enter at the current price. I’d rather wait for a pullback to the lower end of the range before opening a long position. A pullback isn’t a bad thing; it gives the structure a chance to confirm. The range-bound movement is just a daily-chart-level appearance—the direction is pointing up.
🟢 Trade direction: Long
📍 Entry range: 1.5727056 – 1.5784586
🛑 Stop loss: 1.5064859
🎯 Take profit 1: 1.6274043
🎯 Take profit 2: 1.6619524
🎯 Take profit 3: 1.7137746
There’s no need to chase the wind. It will come to rest on its own.
Stand shoulder to shoulder with Sister Li, and let every moment resonate.
#BTW
Click below to trade 👇
So I’m in no hurry to enter at the current price. I’d rather wait for a pullback to the lower end of the range before opening a long position. A pullback isn’t a bad thing; it gives the structure a chance to confirm. The range-bound movement is just a daily-chart-level appearance—the direction is pointing up.
🟢 Trade direction: Long
📍 Entry range: 1.5727056 – 1.5784586
🛑 Stop loss: 1.5064859
🎯 Take profit 1: 1.6274043
🎯 Take profit 2: 1.6619524
🎯 Take profit 3: 1.7137746
There’s no need to chase the wind. It will come to rest on its own.
Stand shoulder to shoulder with Sister Li, and let every moment resonate.
#BTW
Click below to trade 👇