๐ Bitcoin (BTCUSD) Swing Trade Setup ๐๐
๐น Current Price: $89,000
๐น Entry Level: $90,750
๐น Resistance Levels: $92,000 ๐ผ | $94,100 ๐ฏ
๐น EMA 50 (4H Timeframe): Watching for confirmation ๐
๐ Market Trend: BTC is in a downtrend and testing HL (Higher Low) levels. A breakout above $90,750 could push prices toward resistance at $92,000 and $94,100.
๐ Trading Plan:
โ
Wait for confirmation above $90,750 for entry ๐ฅ
โ
Watch for rejection at $92,000 ๐จ
โ
Potential breakout towards $94,100 ๐
โ ๏ธ Risk Management:
๐ป Set Stop-loss below recent support levels
๐ป Monitor EMA 50 for trend confirmation
๐ Stay Alert! A breakout or rejection will decide the next move! ๐