$BTC
SETUP 1: BUY REBOUND / LONG SCALP (Today's Main Setup)
- Entry: $76.600 - $76.900 (1H & 4H lower band area, current price = discounted)
- Confirmation: 1H closes above $77.000 + 4H MACD doesn't make a new low
- Stop Loss: $76.200 (below the $76.325 low and below the $76.198 lower band)
- Take Profit 1: $77.658 (4H Middle Band)
- Take Profit 2: $78.565 (4H Upper Band)
- Take Profit 3: $80.378 (1H Middle Band - swing target)
- R:R: 1 : 2 to 1 : 4
Why is it interesting? Double oversold + price holding above the $76.325 low. Potential for a short squeeze.
SETUP 2: SELL / SHORT (Only If It Breaks Down)
Don't short at RSI 27. It's very risky.
- Short Trigger: ONLY if the 1H closes below $76.198 (1H lower band) and the 4H closes below $76.325.
- If it breaks down, targets: $75.480 (lower support) and $74.500
- Stop Loss: $76.900
BEGINNER SPOT STRATEGY (Safest):
This is an area for gradual DCA, not going all-in.
- Staggered Plan: Buy 30% at $76.800 now, 40% at $76.300 if it drops again, and wait to buy the remaining 30% until a rebound above $77.658 is confirmed
- Invalidation: If BTC's 4H candle closes below $75.480, hold off on DCA.
- *Rule:* Always use money you can afford to lose, with a maximum risk of 2% per trade.
My scenario: Buy for a scalp at $76.6k-$76.9k with an SL below $76.2k, TP at $77.6k & $78.5k.
Are you team rebound or waiting for a break below $76.2k? DYOR
#BTC #Bitcoin #Spot #Futures
SETUP 1: BUY REBOUND / LONG SCALP (Today's Main Setup)
- Entry: $76.600 - $76.900 (1H & 4H lower band area, current price = discounted)
- Confirmation: 1H closes above $77.000 + 4H MACD doesn't make a new low
- Stop Loss: $76.200 (below the $76.325 low and below the $76.198 lower band)
- Take Profit 1: $77.658 (4H Middle Band)
- Take Profit 2: $78.565 (4H Upper Band)
- Take Profit 3: $80.378 (1H Middle Band - swing target)
- R:R: 1 : 2 to 1 : 4
Why is it interesting? Double oversold + price holding above the $76.325 low. Potential for a short squeeze.
SETUP 2: SELL / SHORT (Only If It Breaks Down)
Don't short at RSI 27. It's very risky.
- Short Trigger: ONLY if the 1H closes below $76.198 (1H lower band) and the 4H closes below $76.325.
- If it breaks down, targets: $75.480 (lower support) and $74.500
- Stop Loss: $76.900
BEGINNER SPOT STRATEGY (Safest):
This is an area for gradual DCA, not going all-in.
- Staggered Plan: Buy 30% at $76.800 now, 40% at $76.300 if it drops again, and wait to buy the remaining 30% until a rebound above $77.658 is confirmed
- Invalidation: If BTC's 4H candle closes below $75.480, hold off on DCA.
- *Rule:* Always use money you can afford to lose, with a maximum risk of 2% per trade.
My scenario: Buy for a scalp at $76.6k-$76.9k with an SL below $76.2k, TP at $77.6k & $78.5k.
Are you team rebound or waiting for a break below $76.2k? DYOR
#BTC #Bitcoin #Spot #Futures
