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Gk_Aronno
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Bullish
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š LONG:
#BTCUSDT
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$BTC
| 1h
Bitcoin is consolidating near support, awaiting confirmation of a potential bullish reversal
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š $BB / USDT Long Strategy šš --- šŖ Market Overview Current Price: $0.1557 Intraday Range: $0.1468 ā $0.1589 Trend: Consolidating with potential for breakout Key Resistance: $0.1600, $0.1650 Key Support: $0.1500, $0.1460 --- šÆ Entry Zone Zone 1: $0.1540 ā $0.1560 This range is near the current price and close to the 15-minute EMA support, offering a potential entry point for a short-term long position. --- š° Profit Targets TP1: $0.1600 (+3%) TP2: $0.1625 (+4.5%) TP3: $0.1680 (+8%) These targets are based on recent resistance levels and aim to capture short-term gains within your specified profit range. --- ā Stop-Loss SL: $0.1490 This stop-loss is set below the recent support level to minimize potential losses while allowing for normal market fluctuations. --- š Risk Management Tips Allocate only 1ā2% of your trading capital per trade. Aim for a minimum reward-to-risk ratio of 2:1. After reaching TP1, consider moving your stop-loss to the entry point to secure profits. Avoid overtrading; focus on high-conviction setups. --- ā ļø DYOR (Do Your Own Research) Stay informed about market trends and news that may impact BB. Regularly review charts and indicators to make well-informed trading decisions. --- Trade $BB on Binance
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