$BTC /USDT - 30min TF

๐Ÿ”น Trade Plan: #BTCโ˜€

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.

๐Ÿ“ Key Levels:

Support: Monitor key levels around recent lows.

Resistance: Watch for rejection around recent highs.

๐Ÿ”น 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.

โš ๏ธ 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!