$BTC USDT — LONG
Entry: 73,300–73,800
DCA: 65,000–68,000
TP1: 76,000
TP2: 78,000
TP3: 81,000
Thesis:
Bitcoin rejected at 74,700 and has entered oversold territory across the 4H, 1D, 1W, and 1M timeframes.
Price once again tested 73,300 and resisted further downward momentum. I expect additional downside in the short term, but I'm not anticipating a move below the DCA zone.
I've opened a small long position, approximately 1–5% of my account size, based on a longer-term recovery scenario.
The liquidation map shows significant short liquidity around my target levels, with relatively little below price apart from the 65,000–68,000 zone. Overleveraged shorts could face liquidation if Bitcoin rebounds and recovers.
Risk Management:
This is a long-term speculative position. Only allocate 1–5% of your account and use margin that provides sufficient room against liquidation.
Be prepared to hold for an extended period and account for funding fees along the way.
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Follow to learn about my insights and progress.
#BTC #SwingTradeOpportunity #RiskControl
Entry: 73,300–73,800
DCA: 65,000–68,000
TP1: 76,000
TP2: 78,000
TP3: 81,000
Thesis:
Bitcoin rejected at 74,700 and has entered oversold territory across the 4H, 1D, 1W, and 1M timeframes.
Price once again tested 73,300 and resisted further downward momentum. I expect additional downside in the short term, but I'm not anticipating a move below the DCA zone.
I've opened a small long position, approximately 1–5% of my account size, based on a longer-term recovery scenario.
The liquidation map shows significant short liquidity around my target levels, with relatively little below price apart from the 65,000–68,000 zone. Overleveraged shorts could face liquidation if Bitcoin rebounds and recovers.
Risk Management:
This is a long-term speculative position. Only allocate 1–5% of your account and use margin that provides sufficient room against liquidation.
Be prepared to hold for an extended period and account for funding fees along the way.
Like and Share this post to show support.
Follow to learn about my insights and progress.
#BTC #SwingTradeOpportunity #RiskControl
