BTC/USDT Trade Plan (15M Chart)
Current Price: $95,444.00
24H Change: +1.94%
Volume (24H): 12,801 BTC / 1.21B USDT
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Market Overview
BTC/USDT is trading just below $95,500 after a steady intraday uptrend. The price is consolidating near a potential breakout level, but short-term resistance at $95,600-$96,000 is evident.
Key levels:
Resistance: $95,600-$96,000.
Support: $94,800-$95,000.
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Trading Strategy
1. Breakout Strategy
Entry: Above $95,600 with increasing volume.
Stop-Loss: Below $95,300.
Target: $96,000-$96,300 for short-term profits.
2. Pullback Entry
Entry: $94,800-$95,000 if price retraces to support.
Stop-Loss: Below $94,500 to minimize downside risk.
Target: $95,500-$95,800.
3. Scalping Micro-Trends
Use the 5M chart for scalping small moves between $95,300-$95,600.
Set tight stop-losses and target quick $100-$200 gains.
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Technical Highlights
1. Volume: Slight decline during consolidation, watch for a spike before a breakout.
2. Moving Average (SMA 9): Price remains above the SMA, confirming short-term bullish momentum.
3. RSI: Neutral zone, leaving room for further upward movement.
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Risk Management
Position Size: Limit exposure to 1-2% of your capital.
Risk-Reward: Maintain at least a 1:2 ratio.
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BTC appears poised for a breakout above $95,600, but a pullback to $94,800 offers a safer entry. Stay patient, manage risks, and trade with discipline.
Happy Trading!
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