- 📊 **BTC/USD Trading Idea (30-Min Chart)**
**Date:** April 16-17, 2025
**Timeframe:** 30-Minute Chart
**Bias:** **Bullish Reversal from Support Zone**
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- ✅ **Key Levels**:
- **Support Zone:** $83,586 – $83,765
- **Resistance Zone (Target):** $86,441
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🧠 **Idea**:
BTC currently approaching strong **support zone** ($83,586 – $83,765). Based on the previous price action and highlighted zone:
🔹 Expecting **bullish rejection/wick** from support
🔹 Potential for **bounce back toward $86,441** resistance
🔹 Best entry after confirmation (e.g., bullish engulfing / double bottom on LTF)
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- 🎯 **Trade Setup**:
- **Entry:** $83,750 - $83,850 (on bullish confirmation)
- **Take Profit (TP):** $86,000 - $86,441
- **Stop Loss (SL):** Below $83,500
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. 🛡️ **Risk Management**:
- Position size as per risk appetite (1-2% of capital recommended)
- Wait for **confirmation candle** to avoid false breakout
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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.