Time To Hunt Bitcoin - Buy from Support to Major Resistance
The setup focuses on buying from strong support zones and riding the price up to multiple take-profit targets.
Entry Strategy:
Entry 1: Around $84,910.7, which aligns with a key support zone.
Entry 2: Around $78,430.4, a deeper support level in case of further downside.
Risk Management:
A stop loss at $65,523.5 ensures capital protection in case of a breakdown below major support.
Take Profit Levels:
Take Profit 1: $99,009.6 – First resistance area where partial profits can be secured.
Take Profit 2: $106,102.9 – A key level where momentum may slow down.
Take Profit 3: $110,919.3 – The final target in case of a strong bullish rally.
Trade Scenario:
Bullish Case: If price holds above Entry 1, a bounce towards Take Profit levels is expected.
Bearish Case: If price drops below Entry 1, the next support (Entry 2) offers another buying opportunity.
Stop Loss Activation: If BTC drops below $65,523.5, the trade is invalidated, preventing further losses.
This trade plan follows a risk-reward approach, focusing on capital preservation while targeting high-probability reversal zones.
BTCUSDT.P BTCUSDT BTCUSDT BTCUSD BTCUSDT BTCUSD BTCUSD
Entry Strategy:
Entry 1: Around $84,910.7, which aligns with a key support zone.
Entry 2: Around $78,430.4, a deeper support level in case of further downside.
Risk Management:
A stop loss at $65,523.5 ensures capital protection in case of a breakdown below major support.
Take Profit Levels:
Take Profit 1: $99,009.6 – First resistance area where partial profits can be secured.
Take Profit 2: $106,102.9 – A key level where momentum may slow down.
Take Profit 3: $110,919.3 – The final target in case of a strong bullish rally.
Trade Scenario:
Bullish Case: If price holds above Entry 1, a bounce towards Take Profit levels is expected.
Bearish Case: If price drops below Entry 1, the next support (Entry 2) offers another buying opportunity.
Stop Loss Activation: If BTC drops below $65,523.5, the trade is invalidated, preventing further losses.
This trade plan follows a risk-reward approach, focusing on capital preservation while targeting high-probability reversal zones.
BTCUSDT.P BTCUSDT BTCUSDT BTCUSD BTCUSDT BTCUSD BTCUSD Trade active
t.me/scalpoooNote
You have the choice to close entry one and level entry two entry one running 10% in profit and entry 2 running 19.8% in profit stop loss on entry points for both
Trade closed manually
Closed On Profit
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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.