### Long Position Strategy

- **Entry Point**: Look for an entry around **$0.0020** if there's a confirmed bullish reversal, supported by a clear uptrend on shorter timeframes (like the 1-hour or 4-hour chart).
- **Take Profit (TP)**: Consider taking profit at **$0.0023**, where the next resistance level may appear, or at **$0.0025** for a stronger rally.
- **Stop Loss (SL)**: Set an SL just below recent support at **$0.0018** to limit potential losses.
- **Trade Duration**: 1–3 days, given high volatility.

### Short Position Strategy

- **Entry Point**: Target entry around **$0.0022** if a bearish reversal or rejection pattern appears near resistance.
- **Take Profit (TP)**: First TP at **$0.0019**, with a second TP target at **$0.0017** for more downside potential.
- **Stop Loss (SL)**: SL near **$0.0024**, just above a resistance level to control risk.
- **Trade Duration**: 1–3 days.

### Contingency Plans

If the initial signals shift unexpectedly, consider the following:

- **Plan A**: **Scale Out** – Exit part of the position if price moves halfway to the SL, e.g., at **$0.0019** for long or **$0.0023** for short.
- **Plan B**: **Re-Evaluate SL** – If momentum strongly suggests a reversal (e.g., major volume increase or divergence on RSI), adjust SL to the entry level or slightly above/below to minimize loss if retracement occurs.
- **Plan C**: **Switch Position** – If a clear reversal signal appears against your trade (e.g., long position meets strong resistance or short finds support), consider exiting and entering the opposite position with fresh SL/TP.
- **Plan D**: **Wait for Consolidation** – If high volatility and false breakouts are prevalent, pause the trade. Reassess after a consolidation range forms, entering only on confirmed breakout with defined support/resistance levels. #WillBTCBreak100KSoon #cryptomarketcapATH #BTCBreaks89k #HaveYouBinanced $PNUT