$BTC /USDT - 30min TF
🔹 Trade Plan: #BTC☀
BTC is showing potential for an upside move. Watch for a pullback and wait for confirmation with a bullish candle on the 5-15 minute timeframe before entering.
📍 Key Levels:
Support: Monitor key levels around recent lows.
Resistance: Watch for rejection around recent highs.
🔹 Strategy:
1. Entry Criteria: Wait for a bullish engulfing or pin bar candle on the 5-15 min TF after a pullback.
2. Position Size: Allocate 2-4% of your portfolio.
3. Stop Loss: Below the most recent swing low or 1% of capital risk.
4. Take Profit Targets:
TP1: Immediate resistance zone.
TP2: Next significant resistance level.
TP3: Trail stops and let profits run.
5. Risk Management: Move SL to breakeven after reaching TP1 and take partial profits to secure gains.
⚠️ Important Reminder:
Set your entry and take profit orders to lock in gains and manage risks.
Volatility Alert: Expect market fluctuations; ensure tight risk management is in place.
Stay disciplined and trade smart!