$BTC
Setup 1: BUY / LONG (Main Setup)
Setup Level
Buy Entry 1 74.700 - 75.000 (current price, area above the 24-hour Low)
Buy Entry 2 (ideal) 73.700 - 74.100 (Lower Boll 4H + 24-hour Low area)
Stop Loss 73.300 (below yesterday's Low of 73.333; if it breaks, the dump will continue)
Take Profit 1 75.393 (Mid Boll 4H)
Take Profit 2 75.547 (24-hour High)
Take Profit 3 76.685 (Upper Boll 4H)
Risk : Reward Around 1 : 2,4 if entering at 74.800
Condition: This setup is valid as long as the 4H candle does not close below 73.333. If it closes below that level, cancel the setup and wait at 70.000.
Setup 2: SELL / SHORT (Setup if the Breakout Fails)
Setup Level
Sell Entry 75.350 - 75.550 (if the price is rejected at the Mid Boll 4H + 24-hour High and a red candle appears on the 1H)
Stop Loss 76.800 (above the Upper Boll 4H)
Take Profit 1 74.102 (Lower Boll 4H)
Take Profit 2 73.715 (24-hour Low)
Take Profit 3 73.333 (yesterday's Low)
Risk : Reward Around 1 : 2,1
Mandatory condition: Don't Short at the current price. Wait for rejection at 75.393 first. If the price breaks through 75.393 with rising volume and the 4H candle closes above it, cancel the Short and instead continue Long to TP3.
My plan:
LONG: scale in at 74.700 - 75.000 and 73.700 - 74.100, SL 73.300, TP 75.393 / 75.547 / 76.685
SHORT only if it fails to break through 75.393, targets 74.102 / 73.715
Are you on team scale into BTC at 74k or team wait for a breakout above 75.393 first? Comment below. DYOR
#BTC #BTCUSDT #Bitcoin
Setup 1: BUY / LONG (Main Setup)
Setup Level
Buy Entry 1 74.700 - 75.000 (current price, area above the 24-hour Low)
Buy Entry 2 (ideal) 73.700 - 74.100 (Lower Boll 4H + 24-hour Low area)
Stop Loss 73.300 (below yesterday's Low of 73.333; if it breaks, the dump will continue)
Take Profit 1 75.393 (Mid Boll 4H)
Take Profit 2 75.547 (24-hour High)
Take Profit 3 76.685 (Upper Boll 4H)
Risk : Reward Around 1 : 2,4 if entering at 74.800
Condition: This setup is valid as long as the 4H candle does not close below 73.333. If it closes below that level, cancel the setup and wait at 70.000.
Setup 2: SELL / SHORT (Setup if the Breakout Fails)
Setup Level
Sell Entry 75.350 - 75.550 (if the price is rejected at the Mid Boll 4H + 24-hour High and a red candle appears on the 1H)
Stop Loss 76.800 (above the Upper Boll 4H)
Take Profit 1 74.102 (Lower Boll 4H)
Take Profit 2 73.715 (24-hour Low)
Take Profit 3 73.333 (yesterday's Low)
Risk : Reward Around 1 : 2,1
Mandatory condition: Don't Short at the current price. Wait for rejection at 75.393 first. If the price breaks through 75.393 with rising volume and the 4H candle closes above it, cancel the Short and instead continue Long to TP3.
My plan:
LONG: scale in at 74.700 - 75.000 and 73.700 - 74.100, SL 73.300, TP 75.393 / 75.547 / 76.685
SHORT only if it fails to break through 75.393, targets 74.102 / 73.715
Are you on team scale into BTC at 74k or team wait for a breakout above 75.393 first? Comment below. DYOR
#BTC #BTCUSDT #Bitcoin
