Trading Strategy: Short-Term Trading
1. Identify Key Levels:
Resistance: 99,692 USDT (recent rejection level).
Immediate Support: 95,488 USDT (7-day moving average).
Lower Support: 88,329 USDT (25-day moving average).
2. Entries (buy):
Bullish Scenario:
If BTC clearly breaks 96,500 - 97,000 USDT with increasing volume, buy with a target at 99,692 USDT or higher.
Place a stop-loss at 95,000 USDT to limit losses.
Bearish Scenario (buy on dip):
If the price falls towards 88,000 - 88,500 USDT (strong support zone), consider buying.
Target: a bounce towards 95,000 USDT.
Stop-loss: 86,500 USDT in case support is lost.
3. Exits (sell):
Cut losses quickly:
If you buy at support (95,500 USDT or 88,000 USDT) and the price continues to fall, respect the defined stop-loss to avoid further losses.
Take profit:
Split your sales into levels: for example, 50% of the position at 99,500 USDT and the rest at 101,000 USDT if the price continues to rise.
4. Additional signals to watch:
Volume: An increase in volume when breaking resistance or touching support strengthens the move.
MACD: Wait for a bullish crossover if you are buying; avoid trading if the MACD continues to show weakness.
RSI: If RSI is overbought (>70), it is better to wait for a pullback to enter. If it is oversold (<span it is a good time to look for buying opportunities.
