BTC/USDT Trade Strategy (1H Timeframe) 📌 Trade Bias: Bullish (As long as uptrend holds) BTC is in an uptrend, bouncing from key support levels, and MACD shows potential bullish momentum. The trade strategy will focus on buying from support and targeting resistance.
🎯 Long Trade Setup (Buying the Dip) ✅ Entry:
Zone: $87,000 - $88,000 (First support area) Confirmation: Price shows bullish rejection (e.g., wicks, bullish engulfing candles). MACD remains bullish or starts curving up again. Holding above the trendline. 🎯 Take Profit (TP) Levels:
TP1: $92,800 (Major resistance) → Partial profit TP2: $94,900 (Upper resistance) → Final target 🛑 Stop Loss (SL):
Below $86,500 (Break of trendline invalidates bullish structure). Risk-reward ratio should be at least 1:2 to ensure a profitable trade. 🔻 Short Trade Setup (Only if Support Fails) If BTC breaks below $87,000, the uptrend is invalidated. A short trade could be considered.
🔻 Entry:
Below $86,500 after a clear breakdown and retest. 🎯 TP Levels:
TP1: $84,000 TP2: $80,500 🛑 SL:
Above $88,000 (Reclaiming support invalidates the short trade). 📌 Risk Management Tips: Use a 2-3% risk per trade based on account size. Wait for confirmation (candle closes, volume increase). Partial profit-taking at TP1 to reduce risk.
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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.