BTC 4h Trade Setup: Potential Long Opportunity

10 Mar

Use the 12-hour chart for additional buy confirmation. For optimal entry, refine your position using lower timeframes.


Trade Setup: Long (Buy) Position

📍 Entry:

Enter around 80,800 USDT or 81,800 USDT in the next few hours.
A recent BUY signal and RSI near oversold territory suggest a potential reversal.
🛑 Stop Loss:

Set a stop loss below 80,000 USDT, around 79,500 USDT, to limit downside risk.
If the price breaks below 80,000, the next support is at 78,252.1 USDT.
🎯 Take Profit Targets:

1st TP: 86,500 USDT
2nd TP: 88,000 USDT
📌 This setup offers a favorable risk-to-reward ratio, with potential gains outweighing risks.
On the higher timeframe, the 21 EMA is still below the 50 EMA, indicating a prevailing downtrend. Trade cautiously and ensure you take profits accordingly.

📢 Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consult with a professional before making any investment decisions.

10 Mar

İşlem aktif

Looking for entry confirmation on the 1H chart. RSI is currently overbought, so waiting for it to drop into the buy zone before considering an entry.

10 Mar

Not

attached the wrong chart earlier

10 Mar

Not

Keep a look out on the next candle opening, if it open below the dotted resistant and RSI is oversold and crossover. EXIT..

20 Mar

İşlem kapandı: hedefe ulaştı

20 Mar

Not