BTCUSDT Buy Setup | Range Accumulation Breakout
Bitcoin is consolidating inside a well-defined range after a strong recovery. Instead of chasing the current price, I'm waiting for a retracement into the highlighted demand zone before looking for a long position.
🟢 Buy Plan
Entry: Buy from the highlighted demand zone after a bullish reaction.
Stop Loss: Below the demand zone.
Take Profit 1: Return to the range highs.
Take Profit 2: The upper trendline resistance around 64.8K.
Risk-to-Reward: Approximately 1:2.
The current structure suggests accumulation within the range. If buyers successfully defend the demand zone, Bitcoin could resume its bullish move toward the next liquidity area and challenge the upper channel resistance.
⚠️ This is my personal market analysis and is for educational purposes only. Always wait for confirmation and use proper risk management before entering any trade.
If you enjoy my analysis, don't forget to 👍 Like, 💬 Comment, and ⭐ Follow my TradingView profile for more Crypto, Forex, and Gold trade setups!
Bitcoin is consolidating inside a well-defined range after a strong recovery. Instead of chasing the current price, I'm waiting for a retracement into the highlighted demand zone before looking for a long position.
🟢 Buy Plan
Entry: Buy from the highlighted demand zone after a bullish reaction.
Stop Loss: Below the demand zone.
Take Profit 1: Return to the range highs.
Take Profit 2: The upper trendline resistance around 64.8K.
Risk-to-Reward: Approximately 1:2.
The current structure suggests accumulation within the range. If buyers successfully defend the demand zone, Bitcoin could resume its bullish move toward the next liquidity area and challenge the upper channel resistance.
⚠️ This is my personal market analysis and is for educational purposes only. Always wait for confirmation and use proper risk management before entering any trade.
If you enjoy my analysis, don't forget to 👍 Like, 💬 Comment, and ⭐ Follow my TradingView profile for more Crypto, Forex, and Gold trade setups!
Aviso legal
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.