If $BTC does not break above the white line, treat it as range-bound trading between 81000 and 82000.
If price breaks above/below the white line but remains within the green-line range, you can open a small initial position to test the waters, with a stop-loss if price moves back inside the white line.
For an upward move: if the 1H candle closes above 82150 and a retest holds, try a small long position. Set a stop-loss if price falls back below 82150. 82550 is the breakdown level for this decline. If price breaks above 82550 and holds within the 82550–83350 range, you can start adding to the long position. Take profits and reduce the position around 85000.
For a downward move: if price breaks below 81050 and a retest fails to reclaim it, try a small short position. Set a stop-loss if price moves back above 81050. If price holds in the 79770–80660 range below 80750, you can start adding to the short position. Take profits and reduce the position at 79000–78000, depending on how downside momentum develops.
If price breaks above/below the white line but remains within the green-line range, you can open a small initial position to test the waters, with a stop-loss if price moves back inside the white line.
For an upward move: if the 1H candle closes above 82150 and a retest holds, try a small long position. Set a stop-loss if price falls back below 82150. 82550 is the breakdown level for this decline. If price breaks above 82550 and holds within the 82550–83350 range, you can start adding to the long position. Take profits and reduce the position around 85000.
For a downward move: if price breaks below 81050 and a retest fails to reclaim it, try a small short position. Set a stop-loss if price moves back above 81050. If price holds in the 79770–80660 range below 80750, you can start adding to the short position. Take profits and reduce the position at 79000–78000, depending on how downside momentum develops.
