🚀 BTCUSDT Bullish Setup 📈
Trading Plan:
Bias: Bullish
Entry: 87,600 - 87,850
Stop Loss: 86,900
Take Profit 1–Take Profit 3: 88,400 / 89,000 / 89,800
Technical Analysis:
On the 15-minute chart, the price found support and rebounded from the level of 86,976.6. Although the price made a lower low, the Relative Strength Index (RSI) formed a higher low, which constitutes a clear bullish divergence signal indicating that the downward momentum is weakening. The MACD indicator also shows signs of crossing above the signal line, suggesting potential bullish momentum. A confirmation signal would be a decisive breakout and holding above the EMA(7) and EMA(25) moving averages, which could trigger further upward movement.
Invalidation Conditions:
Only a decisive break below the low of 86,976.6 would invalidate this bullish setup.
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