💠 $BTC / USDT
📌 Possible Strategy: Break of resistance (Long)
➡️ Wait for entry pattern:
• A trader could look for a 1H candle close with body and volume above the EMA(99) (~110,885).
• Ideal entry: Confirmation of the break or on a retest (pullback) to that same EMA(99) as new support.
📉 Stop Loss:
• A stop could be placed below the break zone, perhaps under the EMA(25) (~109,665), to protect against a false breakout.
🎯 Take Profit:
• TP1: Previous high zone (~111,233).
• TP2: Looking for an extension based on price structure.
🔄 Alternative scenario:
If $BTC is strongly rejected at the EMA(99), an alternative strategy would be to wait for a deeper pullback to the EMA(25) (~109,665) to look for a bounce from there.
⛔️ Avoid: Entering 'Long' just below the resistance of the EMA(99) without confirmation, as it is a potential selling zone.
📎 #Trading #Bitcoin #CryptoSetups #BinanceSquare #Cripto
