Trading Strategy
Long Setup:
Short Setup:
Scalping Opportunity:
Long Setup:
- Enter on a confirmed breakout above $77,000 with high volume. Place a stop-loss below $74,500.
- Target levels: $80,000 and $82,000.
Short Setup:
- If rejection occurs near $77,000, consider shorting with a stop-loss above the resistance. Targets could be $74,500 and $72,000.
Scalping Opportunity:
- Look for quick scalps within the channel bounds, buying near support levels and selling near resistance.
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