#CPI_BTC_Watch Key Indicators Observed:
Price: 0.0018377 USDT, down 6.29% in 24h.
MACD (Moving Average Convergence Divergence):
MACD appears to be in a recovery phase as it shows slight positive divergence after a previous bearish move.
The histogram shows a potential reversal of bearish momentum, but itâs still in early stages.
Moving Averages (MA):
MA(5): 3,366,413
MA(10): 6,263,530
The 5-period MA is currently below the 10-period MA, showing short-term bearish sentiment, but this could change soon as the chart shows potential upward movement.
Trade Setup:
Short-Term Trading (Scalping/Day Trading)
Entry Points:
1. Long Entry:
If the price moves above 0.0018255 (shown on the chart), confirming a break of recent resistance and continuation of the bullish recovery. You may enter around this point for a quick rebound.
2. Short Entry:
If price falls below 0.0017600, a break of support, you could go short as this suggests more downside movement.
Exit Points:
Take Profit (TP):
Long TP: Target around 0.0019656 (24h high) for short-term profit.
Short TP: Target 0.0017000 as the next psychological support.
Stop Loss (SL):
Long SL: If entering long, set a stop loss just below 0.0018118, the last key level of support.
Short SL: If entering short, set a stop loss around 0.0018255, the recent resistance.
Mid-Term Swing Trading (Holding for Days/Weeks)
Plan A (Bullish Scenario):
If the current recovery continues:
Buy Entry: Once the price stays above 0.0018255 and breaks past 0.0018400 convincingly.
TP: Next target is 0.0019656; if the uptrend is strong, you could hold longer with a TP near 0.0020000.
SL: Set SL at 0.0018000.
Plan B (Bearish Scenario):
If support breaks at 0.0017600:
Sell Entry: Below 0.0017600, you could enter a short position.
TP: Target 0.0017000 initially. If it falls further, look at 0.0016500.
SL: Set SL just above 0.0018100.
Long-Term Holding (Position Trading)
Plan C (Bullish Long-Term):
If price sustains a rally past 0.0020000 over the next few weeks, you could consider holding longer.
Entry: Accumulate between 0.0018000 and 0.0019000.
TP: Look at 0.0025000 as a long-term target.
SL: Set a deep stop-loss around 0.0017500 to avoid being stopped out in short-term volatility.
Plan D (Bearish Long-Term):
If the price sustains a drop below 0.0017600 and continues to trend downward, you may exit all positions or short further.
Exit/Short: If price stays below 0.0017500, exit long or add to shorts.
TP: Potential support near 0.0016000 for bearish long-term traders.
Risk Management
1. Always set stop losses to manage your risk and prevent large losses if trades go against you.
2. Risk-to-Reward Ratio: Aim for a minimum of 1:2 (i.e., risking 1 to gain 2) in each trade.
3. Monitor the MACD and volume for confirmation of trendsâif momentum shifts drastically, adjust your trades accordingly.
Let me know if you need further clarifications or updates!