Bitcoin / TetherUSUpdated BTCUSDT
Based on the chart, here’s a concise bullish trading strategy:
Key Support Zone: Watch the area around 68,500 USD, where the price is likely to retrace and rebound.
Entry Point: Consider entering a buy position if the price touches the support zone around 68,500 USD and shows signs of a bullish reversal.
Take Profit Target: Aim for 70,200 USD or higher, where the price previously reached a peak.
Stop Loss: Place a stop loss below the support level at 68,486 USD to manage risk in case of a breakdown.
This strategy anticipates that the support zone will hold, allowing the price to bounce back for the next upward wave.
Key Support Zone: Watch the area around 68,500 USD, where the price is likely to retrace and rebound.
Entry Point: Consider entering a buy position if the price touches the support zone around 68,500 USD and shows signs of a bullish reversal.
Take Profit Target: Aim for 70,200 USD or higher, where the price previously reached a peak.
Stop Loss: Place a stop loss below the support level at 68,486 USD to manage risk in case of a breakdown.
This strategy anticipates that the support zone will hold, allowing the price to bounce back for the next upward wave.
Trade active
.
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.
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.