BTC/USDT Buy Setup (Support Entry at $88,000)
Revised BTC/USDT Buy Setup (Support Entry at $88,000)
Support Buy Setup (~$88,000 - $90,000 Zone)
🔹 Entry:
Buy near $88,000 - $90,000 (strong support + 38.2% Fibonacci level).
Wait for bullish confirmation, such as a wick rejection, bullish engulfing candle, or RSI divergence.
🎯 Targets:
Target 1: $99,000 - $100,000 (psychological level & recent resistance).
Target 2: $108,000 - $110,000 (major breakout zone).
Target 3: $123,000+ (extension rally).
📉 Stop-Loss:
Below $86,500 to protect against a deeper drop.
📌 Risk Management:
Risk/reward ratio: 1:3 or better.
Position sizing should account for volatility.
Additional Confirmation Factors:
✅ Watch BTC price reaction at
88K for reversal signals.
✅ Look for higher lows on lower timeframes (4H/1H).
✅ If BTC breaks below
87K, wait for a re-entry lower.
Support Buy Setup (~$88,000 - $90,000 Zone)
🔹 Entry:
Buy near $88,000 - $90,000 (strong support + 38.2% Fibonacci level).
Wait for bullish confirmation, such as a wick rejection, bullish engulfing candle, or RSI divergence.
🎯 Targets:
Target 1: $99,000 - $100,000 (psychological level & recent resistance).
Target 2: $108,000 - $110,000 (major breakout zone).
Target 3: $123,000+ (extension rally).
📉 Stop-Loss:
Below $86,500 to protect against a deeper drop.
📌 Risk Management:
Risk/reward ratio: 1:3 or better.
Position sizing should account for volatility.
Additional Confirmation Factors:
✅ Watch BTC price reaction at
88K for reversal signals.✅ Look for higher lows on lower timeframes (4H/1H).
✅ If BTC breaks below
87K, wait for a re-entry lower.
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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.
For Training visit.
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
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.