Here are suggestions for entry points for buying and selling, along with potential stop-loss levels based on the BTC/USDT chart analysis:
1. Entry Buy Point:
Entry Buy Price: Consider entering a buy position if the price shows signs of support around 87,500 - 87,800 USDT and there’s a recovery or bullish confirmation (e.g., bullish candle formation or RSI bouncing from oversold).
Stop-Loss for Buy Position: Place a stop-loss slightly below the support level, around 87,000 USDT. This will limit losses if the downtrend continues.
Target Price: If the price bounces from support, you can target the resistance zone around 89,000 - 90,000 USDT as a potential profit area.
2. Entry Sell Point:
Entry Sell Price: Consider a sell position if the price fails to break above resistance and shows signs of weakness around 89,000 - 89,500 USDT, or if there’s a bearish confirmation (e.g., price rejection from resistance or MACD histogram deepens in negative).
Stop-Loss for Sell Position: Set a stop-loss just above the resistance level, around 90,000 - 90,500 USDT. This will protect against losses if there’s an unexpected breakout to the upside.
Target Price: Aim for the support level around 87,000 - 87,500 USDT as a potential profit target if the price continues down.
Summary:
Buy Entry: 87,500 - 87,800 USDT
Stop-Loss: 87,000 USDT
Target: 89,000 - 90,000 USDT
Sell Entry: 89,000 - 89,500 USDT
Stop-Loss: 90,000 - 90,500 USDT
Target: 87,000 - 87,500 USDT
These levels are suggestions based on current technical indicators. Remember, the market can be volatile, so manage risk carefully and be prepared to adjust based on price action and market conditions.