#### **Market Context**
- Price has **broken and closed above** the key order block resistance, invalidating sell setups.
- Current structure favors **bullish continuation** with a clean retest of the new demand zone.
#### **Key Levels**
- **Entry Zone**: **104,018.6** (Retest of bullish order block)
- **Stop Loss**: **103,627.7** (Below recent swing low)
- **Targets**:
- **TP1**: 104,809 (Initial liquidity pool)
- **TP2**: 105,179 (Next swing high)
- **Risk/Reward**: **1:3+** (Conservative)
#### **Analysis**
- **Breakout Confirmation**: The previous resistance (order block) has flipped into support.
- **Entry Logic**: Price retraced with a **healthy pullback** (not aggressive selling) into the new demand zone.
- **SL Placement**: Below the recent swing low to avoid false breakdowns.
#### **Trade Execution**
- **Long Entry**: **104,018.6** (Limit order preferred for better fills).
- **Stop Loss**: **103,627.7** (~0.4% risk from entry).
- **Take Profit**:
- **TP1**: 104,809 (Partial close to secure profit).
- **TP2**: 105,179 (Runner position if momentum continues).
#### **Risk Management**
- **Do Not Risk More Than 1-2%** of capital per trade.
- Adjust position size if volatility expands.
#### **Chart Notes**
- **Green Zone**: New demand area (retest entry).
- **Red Line**: Invalidation level (stop loss).
- **Blue Arrows**: Expected price path.
---
### **Why This Setup?**
- **Trend Alignment**: Higher timeframe (HTF) bias remains bullish.
- **Order Block Confirmation**: Old resistance now acts as support.
- **Optimal R/R**: Favorable risk-reward with clear invalidation.
**Next Watch**: If BTC holds above **104K**, next target is **105.5K**.
- Price has **broken and closed above** the key order block resistance, invalidating sell setups.
- Current structure favors **bullish continuation** with a clean retest of the new demand zone.
#### **Key Levels**
- **Entry Zone**: **104,018.6** (Retest of bullish order block)
- **Stop Loss**: **103,627.7** (Below recent swing low)
- **Targets**:
- **TP1**: 104,809 (Initial liquidity pool)
- **TP2**: 105,179 (Next swing high)
- **Risk/Reward**: **1:3+** (Conservative)
#### **Analysis**
- **Breakout Confirmation**: The previous resistance (order block) has flipped into support.
- **Entry Logic**: Price retraced with a **healthy pullback** (not aggressive selling) into the new demand zone.
- **SL Placement**: Below the recent swing low to avoid false breakdowns.
#### **Trade Execution**
- **Long Entry**: **104,018.6** (Limit order preferred for better fills).
- **Stop Loss**: **103,627.7** (~0.4% risk from entry).
- **Take Profit**:
- **TP1**: 104,809 (Partial close to secure profit).
- **TP2**: 105,179 (Runner position if momentum continues).
#### **Risk Management**
- **Do Not Risk More Than 1-2%** of capital per trade.
- Adjust position size if volatility expands.
#### **Chart Notes**
- **Green Zone**: New demand area (retest entry).
- **Red Line**: Invalidation level (stop loss).
- **Blue Arrows**: Expected price path.
---
### **Why This Setup?**
- **Trend Alignment**: Higher timeframe (HTF) bias remains bullish.
- **Order Block Confirmation**: Old resistance now acts as support.
- **Optimal R/R**: Favorable risk-reward with clear invalidation.
**Next Watch**: If BTC holds above **104K**, next target is **105.5K**.
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.