11.3 BTC Trading Plan
Bulls are ready—getting ready to charge in!
Price is touching the daily Vegas support. One likely scenario is a long lower wick forming after the news impact, so you could try entering on the wick. Set the stop-loss at 74000 and enter long in two batches. Most likely, price will break the previous support; once it does, add to the position, then it should rebound quickly. Given the current market speed, there may not be enough time to enter at market price, so prepare your take-profit and stop-loss orders in advance. Set the first target at 78000, then move the take-profit up gradually toward 81000 if price gets past it.
If you have spot funds set aside, you can consider putting 10–30% in now. If price drops into the 68–72 range, getting 60–80% of your position in should be enough. $BTC
Bulls are ready—getting ready to charge in!
Price is touching the daily Vegas support. One likely scenario is a long lower wick forming after the news impact, so you could try entering on the wick. Set the stop-loss at 74000 and enter long in two batches. Most likely, price will break the previous support; once it does, add to the position, then it should rebound quickly. Given the current market speed, there may not be enough time to enter at market price, so prepare your take-profit and stop-loss orders in advance. Set the first target at 78000, then move the take-profit up gradually toward 81000 if price gets past it.
If you have spot funds set aside, you can consider putting 10–30% in now. If price drops into the 68–72 range, getting 60–80% of your position in should be enough. $BTC
