💥💥💥💥💥💥ATTENTION
#BTC #Write2Eam
Buy/Long Entry: Look for potential entry points near the moving average line, which can act as dynamic support.
A conservative entry might be around the $59,200 level if the price respects this area as support.
Sell/Short Entry:
If the price breaks below the moving average with significant volume, indicating a reversal, a short position could be considered around $59,000, targeting a possible retest of the recent low at $58,555.2.
Stop Loss:
Placing a stop loss slightly below the moving average or the recent low for a long position and above the moving average or recent high for a short position would limit potential losses.
For a buy entry at $59,200, a stop loss might be placed around $59,000, allowing a $200 buffer.
Take Profit: Take profit levels should consider the recent price swing, and for a long position, could be targeted near $59,589.0 or higher if the previous high is surpassed.