Long in BTC

4 dni temu

I. Long entry reason:

1. Breakout from Key Resistance

BTC had closed above the previous resistance zone (~84,500-84,800), signaling strength.
The breakout candle had a good body-to-wick ratio, meaning strong buying momentum.

2. Higher Lows Formation

Before the entry candle, BTC made a higher low (~83,759), confirming bullish structure.
This showed that buyers were stepping in at higher prices, reducing downside pressure.

3. Momentum Shift

The breakout candle closed above the previous 6-8 candles, showing a shift in sentiment.
This price action validated a trend reversal from the dip that happened earlier.

4. Retest & Hold of Support Before Entry

BTC briefly retested the breakout zone (~84,500) before moving up.
This confirmed that sellers were exhausted and buyers were taking control.

II. Risk Management & Stop-Loss Placement

1. Stop Loss (SL) Placement: Below the previous higher low (~83,759)

2. Target Levels:

First target: 87,014 (first resistance)
Extended target: 89,100-89,318 (next supply zone)

3 dni temu

Transakcja zamknięta: osiągnięto wyznaczony cel

All targets achieved successfully and beyond. One can book entirely but if someone wants to still hold the trade can keep TSL of 88,168 for next target of 90190

3 dni temu

Uwaga

90,190 also has been achieved and BTC is going beyond :)