Just cracked open the chart, and I'm seeing a potential bounce setting up for Bitcoin here.
$BTC /USDT — LONG
Trade Plan
Entry: 64,150 - 64,200 (Current zone, riding the MA(7) support)
SL: 63,650 (Below the recent swing low and 24h low for safety)
TP1: 64,600
TP2: 65,000
TP3: 65,400
Why this setup?
· BTC is holding above the MA(7) at 64,046 and showing rejection off the 63,788 low, which signals buyers are stepping in.
· The volume is solid, and with the price bouncing off the lower end of the range, we're positioned well for a push back toward the 24h high.
· As long as BTC stays above 63,800, this long setup has a good risk-to-reward ratio targeting that overhead resistance.
Keep it tight, and let's see if the bulls can push through that mid-range. $BTC
$BTC /USDT — LONG
Trade Plan
Entry: 64,150 - 64,200 (Current zone, riding the MA(7) support)
SL: 63,650 (Below the recent swing low and 24h low for safety)
TP1: 64,600
TP2: 65,000
TP3: 65,400
Why this setup?
· BTC is holding above the MA(7) at 64,046 and showing rejection off the 63,788 low, which signals buyers are stepping in.
· The volume is solid, and with the price bouncing off the lower end of the range, we're positioned well for a push back toward the 24h high.
· As long as BTC stays above 63,800, this long setup has a good risk-to-reward ratio targeting that overhead resistance.
Keep it tight, and let's see if the bulls can push through that mid-range. $BTC