Long in BTC

4 天前

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 天前

交易結束：目標達成

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 天前

註釋

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