Nobody expects $BTC /USDT to fakeout below the major psychological level before reversing hard.
$BTC – LONG
Trade Plan:
Entry: 61,850 – 62,200
SL: 60,950
TP1: 63,100
TP2: 63,950
TP3: 65,200
Why this setup?
RSI on the 15m is hovering around 32.50—showing clear signs of stabilization after the sudden flush. Price is currently testing key liquidity clusters right above the 4h support level near 62,000, with ATR reflecting a compressed 450 range. This setup presents a classic liquidity grab: either we catch the direct demand rejection back up to TP1, or we trap aggressive bears before an explosive continuation past local resistance. The 58% confidence on this long setup indicates momentum favors a recovery bounce.
$BTC – LONG
Trade Plan:
Entry: 61,850 – 62,200
SL: 60,950
TP1: 63,100
TP2: 63,950
TP3: 65,200
Why this setup?
RSI on the 15m is hovering around 32.50—showing clear signs of stabilization after the sudden flush. Price is currently testing key liquidity clusters right above the 4h support level near 62,000, with ATR reflecting a compressed 450 range. This setup presents a classic liquidity grab: either we catch the direct demand rejection back up to TP1, or we trap aggressive bears before an explosive continuation past local resistance. The 58% confidence on this long setup indicates momentum favors a recovery bounce.