Long direction: bullish on BTC, expecting it to rise.
Position management: use 5% margin, 100x leverage
Open positions in batches: 2% position near 58270, 3% position near 57500
Entry point: near 58270 (allow 50U deviation up and down) 57500
Take profit plan:
When the price reaches 59100, take profit of 50% position, and set stop loss to break even.
When the price reaches 60100, take profit of all positions and close the positions completely.
Stop loss position:
56200, stop loss immediately once it is touched.
Feasibility analysis
1. Entry point near 58270: The current price is near 58,500, close to your first ambush point. If the price pulls back to this point, you can consider entering the market. 57500: If the market pulls back further to this point, it is still a reasonable entry point.
2. Support and resistance Support level: 58,700 (0.618 retracement) and 58,096 (0.5 retracement) are key supports. If the price rebounds in these areas, it is in line with the long strategy. Resistance level: 59,560 (0.786 retracement) and 59100 (profit target) are short-term resistances. Pay attention to the performance of prices in these areas.
3. Stop loss setting stop loss level 56200: In the current market environment, the stop loss level is relatively reasonable and can effectively control risks. If the price falls below this level, a larger correction may occur.
However, it should be noted that the large-scale downward trend has not changed. Therefore, in the operation, it is necessary to strictly implement stop loss, control the position, and do not be too aggressive.
