Week 4 Support Resistance Idea 1: BTCUSD Plan
Plan A:
Sell Stop: 64737.6
Stop Loss: 65699.6
Take Profit: 64267.8
Plan B:
Buy Stop: 67064.3
Stop Loss: 66042.3
Take Profit: 68182.9
In this BTCUSD trade plan, we identify potential support and resistance levels for strategic entry and exit points.
Plan A suggests placing a sell stop order at 64737.6, anticipating a potential resistance level. A stop loss is set at 65699.6 to manage risk, with a take profit target at 64267.8.
Plan B proposes a buy stop order at 67064.3, aiming for a breakout above resistance. A stop loss is placed at 66042.3 to mitigate potential losses, while the take profit level is set at 68182.9.
Sell Stop: 64737.6
Stop Loss: 65699.6
Take Profit: 64267.8
Plan B:
Buy Stop: 67064.3
Stop Loss: 66042.3
Take Profit: 68182.9
In this BTCUSD trade plan, we identify potential support and resistance levels for strategic entry and exit points.
Plan A suggests placing a sell stop order at 64737.6, anticipating a potential resistance level. A stop loss is set at 65699.6 to manage risk, with a take profit target at 64267.8.
Plan B proposes a buy stop order at 67064.3, aiming for a breakout above resistance. A stop loss is placed at 66042.3 to mitigate potential losses, while the take profit level is set at 68182.9.
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