📊 BTC/USDT – Finalized Trading Plan & Strategy
📌 Current Market Overview
Price: 104,500 USDT
Trend: Short-term bearish correction from resistance.
Structure: Change of Character (ChoCH) suggests potential downward move.
📉 Sell Setup (Limit Order) – High Probability Trade
🔹 Sell Limit: 105,800 - 106,000 (Strong Resistance Zone)
🔹 Stop Loss (SL): 107,000 (Above key resistance)
🔹 Take Profit (TP):
TP1: 102,500
TP2: 100,500 - 100,000
✅ Why Sell Here?
Resistance Zone: Multiple rejections at 106K.
Bearish Engulfing Pattern: Indicating selling pressure.
Fibonacci Level: 78.6% retracement near 106K.
Strong Supply Area: Previous liquidity grab at 106K.
📈 Buy Setup (Limit Order) – Strong Demand Zone
🔹 Buy Limit: 100,000 - 100,500 (Support Zone)
🔹 Stop Loss (SL): 99,000
🔹 Take Profit (TP):
TP1: 103,000
TP2: 105,500
✅ Why Buy Here?
Key Psychological Support: 100K is a major demand zone.
Fibonacci Support: 61.8% retracement of previous rally.
Previous Breakout Zone: Likely to act as strong support.
Possible Bullish Reversal: Price action suggests bounce potential.
⚡ Instant Trade (Short-Term Intraday Setup)
🔹 Sell Now at: 104,500
🔹 Stop Loss (SL): 106,000
🔹 Take Profit (TP): 102,500
✅ Why Sell Now?
Bearish Confirmation: Weakness near resistance.
Short-Term Rejection: Price struggling to break higher.
Low-Risk Scalping Opportunity.
📊 Technical Indicator Confirmations
✅ EMA Analysis: Price rejecting near EMA resistance.
✅ Support & Resistance (SNR): 106K strong resistance, 100K strong support.
✅ Fibonacci Levels: 106K (78.6%), 100K (61.8%).
✅ Engulfing Candlestick Pattern: Bearish at key resistance.
🚀 Final Trading Advice & Execution Plan
Sell Near 106K, Buy Near 100K for best risk-reward.
Use Stop Loss & Risk Management to protect capital.
Wait for confirmations before entering trades.
📌 Current Market Overview
Price: 104,500 USDT
Trend: Short-term bearish correction from resistance.
Structure: Change of Character (ChoCH) suggests potential downward move.
📉 Sell Setup (Limit Order) – High Probability Trade
🔹 Sell Limit: 105,800 - 106,000 (Strong Resistance Zone)
🔹 Stop Loss (SL): 107,000 (Above key resistance)
🔹 Take Profit (TP):
TP1: 102,500
TP2: 100,500 - 100,000
✅ Why Sell Here?
Resistance Zone: Multiple rejections at 106K.
Bearish Engulfing Pattern: Indicating selling pressure.
Fibonacci Level: 78.6% retracement near 106K.
Strong Supply Area: Previous liquidity grab at 106K.
📈 Buy Setup (Limit Order) – Strong Demand Zone
🔹 Buy Limit: 100,000 - 100,500 (Support Zone)
🔹 Stop Loss (SL): 99,000
🔹 Take Profit (TP):
TP1: 103,000
TP2: 105,500
✅ Why Buy Here?
Key Psychological Support: 100K is a major demand zone.
Fibonacci Support: 61.8% retracement of previous rally.
Previous Breakout Zone: Likely to act as strong support.
Possible Bullish Reversal: Price action suggests bounce potential.
⚡ Instant Trade (Short-Term Intraday Setup)
🔹 Sell Now at: 104,500
🔹 Stop Loss (SL): 106,000
🔹 Take Profit (TP): 102,500
✅ Why Sell Now?
Bearish Confirmation: Weakness near resistance.
Short-Term Rejection: Price struggling to break higher.
Low-Risk Scalping Opportunity.
📊 Technical Indicator Confirmations
✅ EMA Analysis: Price rejecting near EMA resistance.
✅ Support & Resistance (SNR): 106K strong resistance, 100K strong support.
✅ Fibonacci Levels: 106K (78.6%), 100K (61.8%).
✅ Engulfing Candlestick Pattern: Bearish at key resistance.
🚀 Final Trading Advice & Execution Plan
Sell Near 106K, Buy Near 100K for best risk-reward.
Use Stop Loss & Risk Management to protect capital.
Wait for confirmations before entering trades.
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.