BTCUSDT SPOTLong
Long Trade for $BTC
The current price of Bitcoin (BTC) is approximately $67,448. Over the last week, it has shown a 2.20% increase, though it has experienced a 2.90% decline in the last 24 hours
Trade Setup:
Entry Price: Given the recent dip and overall bullish performance over the past week, entering at the current price of $67,448 is reasonable. However, a safer entry could be around $66,900, where recent support has held.
Take Profit:
Primary Target: Aim for $67,823 to capture a moderate gain based on recent resistance levels.
Extended Target: If bullish momentum strengthens, you could aim for $68,850 where significant resistance is expected.
Stop Loss: Set this at $66,500 to manage risk. If Bitcoin falls below this level, it may signal further downside momentum.
What do you think?
Trade Setup:
Entry Price: Given the recent dip and overall bullish performance over the past week, entering at the current price of $67,448 is reasonable. However, a safer entry could be around $66,900, where recent support has held.
Take Profit:
Primary Target: Aim for $67,823 to capture a moderate gain based on recent resistance levels.
Extended Target: If bullish momentum strengthens, you could aim for $68,850 where significant resistance is expected.
Stop Loss: Set this at $66,500 to manage risk. If Bitcoin falls below this level, it may signal further downside momentum.
What do you think?
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.