$BTC $BNB #BinanceSeason #BTCdump

1. Identify the main trend:

Looking at the chart, the current trend is down (price breaks below the uptrend line and falls below the EMA/Bollinger Bands).

The current price is below the average of the Bollinger Bands, confirming bearish pressure.

2. Entry points:

Sell order (short):

Wait for the price to retrace up close to the resistance line (around 101,752 or the upper Bollinger Bands).

Confirm with a bearish reversal candle (e.g., a Pin Bar or Doji near resistance).

Buy order (long):

Only enter if the price clearly breaks the resistance at 108,353 and closes the candle above this level.

At that point, an upward trend will be confirmed.

3. Stop Loss:

Set the stop loss just above the resistance level or below the support area (for buy orders, support is around 94,169).

For sell orders, the stop loss can be placed above the nearest peak.

4. Take Profit:

Identify the nearest support/resistance areas.

For sell orders, the near target is the support area around 94,169 or deeper at 86,587.

For buy orders, the target is the upper Bollinger Bands or a higher resistance level.