🚀 Are you ready for the next big move on $BTC
? Here's the trading plan to capitalize on the bounce!
🔹 Entry price: $79,850 - $79,900
🎯 First target (TP1): $81,100
🎯 Second target (TP2): $82,650
🎯 Third target (TP3): $84,800
🛑 Stop loss (SL): $79,150
💡 Reason: Bitcoin is currently testing a crucial structural and psychological support zone around $79,800. Although trading below the key exponential moving averages (20, 50, and 200) on the 4-hour chart reflects short-term selling pressure following rejection from the high at $84,898, the price is consolidating near local lows (support at $79,220). A bounce from this current base offers an excellent risk-to-reward long trade, targeting resistance zones and liquidity around previous highs. Trade cautiously!
? Here's the trading plan to capitalize on the bounce!
🔹 Entry price: $79,850 - $79,900
🎯 First target (TP1): $81,100
🎯 Second target (TP2): $82,650
🎯 Third target (TP3): $84,800
🛑 Stop loss (SL): $79,150
💡 Reason: Bitcoin is currently testing a crucial structural and psychological support zone around $79,800. Although trading below the key exponential moving averages (20, 50, and 200) on the 4-hour chart reflects short-term selling pressure following rejection from the high at $84,898, the price is consolidating near local lows (support at $79,220). A bounce from this current base offers an excellent risk-to-reward long trade, targeting resistance zones and liquidity around previous highs. Trade cautiously!
