#### **Optimal Trade Strategy:** 🟢 **1. Long (Buy) Setup:** - **Entry:** - Near current price (**106,027.6**) or on a pullback to **EMA 7 (105,450.0)**. - **Take Profit (TP):** - **TP1:** 108,682.0 (first resistance). - **TP2:** 110,913.3 (if breakout confirms). - **Stop Loss (SL):** Below **104,219.4** (strong support).
🔴2. Short (Sell) Setup (Conditional):** - **Trigger:** If price breaks **104,219.4** with: - RSI < 50 and MACD turning negative. - **Take Profit:** 101,988.0 (next support). - **Stop Loss:** Above **105,450.0** (EMA 7). 📌 Key Notes:** - Current bias:** Bullish, but watch for rejection at 108,682.0**. - **Volume (17.8570)** is below the 5-day average (19.7752**), signaling caution. - **Risk Management:** Never risk >1-2% of capital per trade.
**🚨Conclusion:** - **Preferred Trade:** **Long** with targets at 108,682.0 and 110,913.3. - **Short only if support breaks** with confirmation.
**📈 How to Read Crypto Charts (EASY Guide for Beginners!) 🚀**
**#Crypto #Trading #LearnWithMe**
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### **🔥 STEP 1: Pick Your Time Frame** - **Short-term traders**: Use 15min/1hr charts - **Long-term investors**: Check daily/weekly charts
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### **💎 STEP 2: Find Support & Resistance** - **Support**: Where price usually bounces UP - **Resistance**: Where price usually drops DOWN - *Pro Tip*: Draw horizontal lines at these levels!