As promised, here are the trading signals you've been waiting for! 📊👀
Entry Strategy:
=> Sell Market Entry (Primary Scenario):
Given the overall bearish trend, a short position might be more favorable.
When to enter: Wait for a rejection at the upper Bollinger Band ($58,674.58) or a break below the lower Bollinger Band ($58,397.98).
Confirmation: Look for RSI to turn down from overbought levels (above 70) or MACD to show a bearish crossover.
Entry point: Set a sell limit order just below $58,397.98 if the support breaks.
Take Profit (T.P.):
1. Conservative: $58,100.06 (recent low)
2. Aggressive: $57,500 (psychological support level)
Stop Loss (S.L.):
Place a stop loss just above the upper Bollinger Band at $58,700.
=> Buy Market Entry (Alternative Scenario):
While less likely given the current trend, a bullish reversal is possible if support holds.
When to enter: Wait for a strong bounce off the lower Bollinger Band ($58,397.98) with increased volume.
Confirmation: RSI moving above 70 and MACD showing a strong bullish crossover.
Entry point: Set a buy limit order just above $58,674.58 (upper Bollinger Band).
Take Profit (T.P.):
1. Conservative: $59,000 (psychological resistance)
2. Aggressive: $59,349.04 (recent high visible on the chart)
Stop Loss (S.L.):
Place a stop loss just below the lower Bollinger Band at $58,375.
Caution:
BTC/USDT The market is showing high volatility. Always use proper risk management and be prepared for sudden reversals. The primary trend remains bearish, so any bullish trades should be approached with extra caution. $BTC
