#Btc #Bull #DOGSONBINANCE $BTC
Target tp
long done.
new update will be uploaded in couple of minutes
LIVEFaeny81
--
BTC/USDT
$BTC #binanceus #Debate2024 #BTCReboundsAfterFOMC #follower
### **Technical Overview**:
- **Moving Averages (MA)**:
- The price is fluctuating around the short-term MAs (7, 25, and 99), and it appears to have just crossed below the 25-MA (pink), which could signal short-term bearish pressure.
- **MACD**:
- The MACD histogram has shown a slight recovery with green bars, suggesting momentum to the upside is gaining strength but isn't fully confirmed yet.
- The MACD line is still negative, suggesting overall weakness, but we may be seeing a potential reversal.
### **Trade Plan for Long Position**:
1. **Entry Point**:
- Look for a confirmed break above **$63,000**, as this would mean the price has broken through the key resistance levels marked by MAs and previous swing high.
- Ensure strong buying volume for confirmation.
2. **Take Profit (TP)**:
- First target could be **$63,600** (next swing high).
- Next target would be **$64,000** or higher, depending on the momentum strength and confirmation from volume.
3. **Stop Loss (SL)**:
- Place it slightly below **$62,300**, below the recent low of **$62,357.93**, to account for volatility.
4. **Duration**:
- This long position may play out over the next **6 to 12 hours**, but review every hour for confirmation of trend continuation.
### **Trade Plan for Short Position**:
1. **Entry Point**:
- A confirmed break below **$62,350**, which could be a signal of a deeper correction.
2. **Take Profit (TP)**:
- The first target could be **$62,000**, with potential to go as low as **$61,800**, where significant support levels are present.
3. **Stop Loss (SL)**:
- SL should be around **$62,900**, just above the current resistance formed by the short-term MA (25).
4. **Duration**:
- You can expect a **4 to 8-hour** duration if this downtrend continues, but be prepared to cut losses if the price starts showing signs of recovery.
### **Risk Management and Strategies**:
- **If the signal goes against you**:
- **Long Trade**: If the price drops below **$62,300**, close your long position as this would invalidate the uptrend expectation.
- **Short Trade**: If price breaks **$63,000**, consider exiting the short position as this would indicate buyers taking control.
- **General Strategy**: Use trailing stops to protect profits if the trade moves in your favor.
### Summary:
- **Long**: Enter around **$63,000** with targets around **$63,600** to **$64,000**.
- **Short**: Enter around **$62,350** with targets around **$62,000** to **$61,800**.
Always review the price action and volume for confirmation before entering the trade. Would you like further insights on specific signals or strategies?
**Disclaimer**: This is not financial advice. Please make decisions based on your own research.
### **Technical Overview**:
- **Moving Averages (MA)**:
- The price is fluctuating around the short-term MAs (7, 25, and 99), and it appears to have just crossed below the 25-MA (pink), which could signal short-term bearish pressure.
- **MACD**:
- The MACD histogram has shown a slight recovery with green bars, suggesting momentum to the upside is gaining strength but isn't fully confirmed yet.
- The MACD line is still negative, suggesting overall weakness, but we may be seeing a potential reversal.
### **Trade Plan for Long Position**:
1. **Entry Point**:
- Look for a confirmed break above **$63,000**, as this would mean the price has broken through the key resistance levels marked by MAs and previous swing high.
- Ensure strong buying volume for confirmation.
2. **Take Profit (TP)**:
- First target could be **$63,600** (next swing high).
- Next target would be **$64,000** or higher, depending on the momentum strength and confirmation from volume.
3. **Stop Loss (SL)**:
- Place it slightly below **$62,300**, below the recent low of **$62,357.93**, to account for volatility.
4. **Duration**:
- This long position may play out over the next **6 to 12 hours**, but review every hour for confirmation of trend continuation.
### **Trade Plan for Short Position**:
1. **Entry Point**:
- A confirmed break below **$62,350**, which could be a signal of a deeper correction.
2. **Take Profit (TP)**:
- The first target could be **$62,000**, with potential to go as low as **$61,800**, where significant support levels are present.
3. **Stop Loss (SL)**:
- SL should be around **$62,900**, just above the current resistance formed by the short-term MA (25).
4. **Duration**:
- You can expect a **4 to 8-hour** duration if this downtrend continues, but be prepared to cut losses if the price starts showing signs of recovery.
### **Risk Management and Strategies**:
- **If the signal goes against you**:
- **Long Trade**: If the price drops below **$62,300**, close your long position as this would invalidate the uptrend expectation.
- **Short Trade**: If price breaks **$63,000**, consider exiting the short position as this would indicate buyers taking control.
- **General Strategy**: Use trailing stops to protect profits if the trade moves in your favor.
### Summary:
- **Long**: Enter around **$63,000** with targets around **$63,600** to **$64,000**.
- **Short**: Enter around **$62,350** with targets around **$62,000** to **$61,800**.
Always review the price action and volume for confirmation before entering the trade. Would you like further insights on specific signals or strategies?
**Disclaimer**: This is not financial advice. Please make decisions based on your own research.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
Replies 0
