$BTC : Testing Key Demand Zone - Long Setup for Recovery Bounce! šŸš€

Plan trade: Long šŸŸ¢

Entry Zone: 89300 - 89550

Take Profit:
šŸŽÆ TP1: 90400
šŸŽÆ TP2: 91500
šŸŽÆ TP3: 93050

Stop Loss: 88300

Technical Analysis:
On the H4 chart, $BTC is retesting a crucial demand zone around 88,412.8 after a sharp drop. Price is showing a positive reaction here, with lower wicks appearing.

RSI on the 15m chart is in the oversold region, indicating that selling momentum is exhausted. Price is likely to bounce strongly from this key level.

SL Explanation:
The 88300 SL is placed safely below the nearest wick low of 88,412.8. Breaking this level would invalidate the crucial support structure.

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