BTC Long Trigger Update - TP 50% here & re entry around 95.5k BTC Long Trigger Update ()
If you took the long from the demand zone highlighted in the previous posts (), this 100k level serves as an ideal first take profit and looking for a re entry lower.
Entry Setup:
I am currently focusing on a potential entry between 95k–96.5k, setting a tight stop-loss at 94.2k to manage risk effectively. If the price dips below this area but quickly reclaims it, I will treat this as a fakeout and look to re-enter on confirmation of strength. This reclaim would signal that buyers are defending the level, aligning with the bullish thesis.
Demand Zone Outlook:
Although there is a possibility that we may revisit the demand zone highlighted in my previous BTC analysis, the 200 EMA continues to rise, gradually catching up with the price action. The longer and higher BTC holds above this EMA, the shallower the pullback into the demand zone is likely to be.
Trade Strategy:
Entry Zone: Ideally DCA into the 95.5k area.
Stop-Loss: 94.2k.
Leverage: 10x for an approximate +15% targeted move to the upside with 1% downside.
TP: If you entered from the lower demand zone, taking profit at this level is logical, as it aligns with the supply zone and midrange resistance. Adding to the long in the highlighted box upon confirmation can maximize the trade’s potential as we aim for higher targets, including the ATH.
Market Context:
The market has shown resilience, with BTC hovering firmly above key levels. However, given the high volatility expected in the coming sessions, I am maintaining a disciplined entry plan. If the price action aligns with my conditions, this trade will offer a favorable risk-to-reward ratio.
Conclusion:
Securing gains at this level is a calculated approach, while planning for a re-entry aligns with current strength. The broader market structure suggests continuation, but patience remains key to executing effectively.
As always, execution will depend on confirmation of the triggers, ensuring I remain aligned with the current market dynamics and not biased.