LOOK FOR LONG SETUPS - BTC OCT 12 📈
On the M15 and M30 timeframes, short-term buying pressure is returning clearly. Price has recovered above short-term EMAs, improving the market structure and opening up opportunities for a continued upward move.
On the H1 timeframe, BTC is pushing into the 83.8K - 84.0K resistance zone. Meanwhile, on H4, the market still needs further confirmation to validate that the bullish trend has truly returned. If BTC loses the 83.0K mark, the LONG scenario will need to be re-evaluated.
Trading plan:
Wait for BTC to retest the 83.5K - 83.6K support zone. If a strong bullish bounce appears, trigger a LONG entry.
Entry: 83.5K - 83.6K
TP: 84.8K - 85.5K
Altcoins: ETH, SOL, AVAX, LINK, ADA...
$SOL $AVAX $LINK
On the M15 and M30 timeframes, short-term buying pressure is returning clearly. Price has recovered above short-term EMAs, improving the market structure and opening up opportunities for a continued upward move.
On the H1 timeframe, BTC is pushing into the 83.8K - 84.0K resistance zone. Meanwhile, on H4, the market still needs further confirmation to validate that the bullish trend has truly returned. If BTC loses the 83.0K mark, the LONG scenario will need to be re-evaluated.
Trading plan:
Wait for BTC to retest the 83.5K - 83.6K support zone. If a strong bullish bounce appears, trigger a LONG entry.
Entry: 83.5K - 83.6K
TP: 84.8K - 85.5K
Altcoins: ETH, SOL, AVAX, LINK, ADA...
$SOL $AVAX $LINK