Your BTC/USD buy setup is structured with clear entry, targets, and stop loss. Here’s a quick breakdown of your trade plan:
Trade Details
Entry: 84,500 (Buy)
Stop Loss: 83,000 (-1,500 risk per BTC)
Target 1: 85,000 (+500 profit per BTC)
Target 2: 87,000 (+2,500 profit per BTC)
Target 3: 88,000 (+3,500 profit per BTC)
Risk-Reward Ratio (R:R)
Target 1: 0.33:1 (not very favorable)
Target 2: 1.67:1 (good)
Target 3: 2.33:1 (better)
Trade Execution Checklist
✅ Trend Confirmation: Ensure BTC is in an uptrend with strong support around 84,500. Check moving averages (50MA, 200MA) and trendline support.
✅ News & Market Sentiment: Look out for BTC-related news, institutional buying, or macroeconomic events that may affect momentum.
✅ Momentum & Volume: Confirm strong buying momentum and high volume before entering.
Trade Management Strategies
Break-Even Strategy: If BTC hits 85,000, consider moving SL to 84,500 to eliminate risk.
Partial Profit-Taking: Secure gains at 85,000 and 87,000, while letting the rest run to 88,000.
Trailing Stop: Adjust SL upward as price moves in your favor to maximize profits.
Would you like a technical chart analysis or any adjustments based on BTC market conditions before executing?
Trade Details
Entry: 84,500 (Buy)
Stop Loss: 83,000 (-1,500 risk per BTC)
Target 1: 85,000 (+500 profit per BTC)
Target 2: 87,000 (+2,500 profit per BTC)
Target 3: 88,000 (+3,500 profit per BTC)
Risk-Reward Ratio (R:R)
Target 1: 0.33:1 (not very favorable)
Target 2: 1.67:1 (good)
Target 3: 2.33:1 (better)
Trade Execution Checklist
✅ Trend Confirmation: Ensure BTC is in an uptrend with strong support around 84,500. Check moving averages (50MA, 200MA) and trendline support.
✅ News & Market Sentiment: Look out for BTC-related news, institutional buying, or macroeconomic events that may affect momentum.
✅ Momentum & Volume: Confirm strong buying momentum and high volume before entering.
Trade Management Strategies
Break-Even Strategy: If BTC hits 85,000, consider moving SL to 84,500 to eliminate risk.
Partial Profit-Taking: Secure gains at 85,000 and 87,000, while letting the rest run to 88,000.
Trailing Stop: Adjust SL upward as price moves in your favor to maximize profits.
Would you like a technical chart analysis or any adjustments based on BTC market conditions before executing?
Trade active
That’s awesome! Hitting 87,300 on BTCUSD and locking in 280+ pips profit is no small feat. Plus, hitting your second target—amazing! Sounds like you nailed the trade perfectly. What was your approach to this one?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.