Based on the 15-minute BTC/USDT chart you provided, here are some suggestions for small traders looking to make short-term trades:
### Technical Analysis:
1. **Support and Resistance Levels:**
- **Resistance Levels:**
- 68,170.0
- **Support Levels:**
- 66,904.2
2. **Moving Averages (MAs):**
- **MA(7) in yellow:** 67,365.1
- **MA(25) in pink:** 67,353.2
- **MA(99) in purple:** 67,449.1
- The price is currently below all three moving averages, which indicates short-term bearish momentum.
3. **MACD:**
- The MACD line (yellow) is below the signal line (pink), indicating bearish momentum. The histogram is also negative, supporting this trend.
4. **Volume:**
- Volume is relatively stable, without significant spikes that would suggest strong buying or selling pressure.
### Entry and Exit Points for Small Traders:
#### Short-Term Long Trade:
1. **Entry:**
- Consider entering a long position if the price breaks above the MA(7) with a bullish candlestick pattern and increased volume.
- Entry point around 67,400 to 67,500.
2. **Exit:**
- **Take Profit (TP):** Set initial TP around the resistance level at 68,170.
- **Stop Loss (SL):** Set a stop loss below the recent low at 66,900.
#### Short-Term Short Trade:
1. **Entry:**
- Consider entering a short position if the price fails to break above the MA(7) and shows bearish candlestick patterns, or if it falls below the recent support level at 66,904.
- Entry point around 67,200 to 67,300.
2. **Exit:**
- **Take Profit (TP):** Set initial TP around the next support level at 66,500.
- **Stop Loss (SL):** Set a stop loss above the recent high at 67,800.
### Trade Management:
- **Trade Duration:**
- Monitor the 15-minute chart closely. Hold the position for a few minutes to a few hours, depending on price action and volume.
- **Risk Management:**
- Always use proper risk management by setting stop losses to limit potential losses.
- Adjust stop loss to break even or trail it to lock in profits as the trade moves in your favor.
### Summary:
- **Long Entry:** Around 67,400 to 67,500, SL at 66,900, TP at 68,170.
- **Short Entry:** Around 67,200 to 67,300, SL at 67,800, TP at 66,500.
Always use proper risk management and adjust your positions based on real-time market conditions.
