🚨 SMC Trading Signal: BTC/USDT 🚨

Direction: LONG

📊 Market Overview:

Current Price: $56,997.00 (+0.47%)

24H High: $58,519.00

24H Low: $56,187.61

Volume (BTC): 30,309.39

Volume (USDT): 1.73B

🔍 Technical Indicators:

KDJ Indicators: K (46.06), D (49.47), J (39.25) – The indicators are showing a mixed but potentially bullish setup with J below both K and D, suggesting possible upside.

🕯️ Candlestick Analysis:

BTC/USDT is trading close to support around $57,000, with recent price action suggesting a bounce from this level. The resistance at $58,519.00 remains the key level to watch.

📈 Trading Plan:

Long Entry: Consider entering a long position around

$56,997.00.

Target 1: $58,000.00

Target 2: $58,500.00

Stop Loss: Place a stop loss at

$55,500.00 to manage risk effectively.

💡 Strategy: BTC is near a crucial support level and showing signs of potential recovery. With a positive movement from recent lows and volume supporting the trend, a long position is advised with targets set at resistance levels.

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