Bitcoin
Long
Updated

BTCUSD 1 HOUR LONG POSITION ANALYSIS

163
BTCUSD 1-Hour chart you shared 👇
1. Price Level
Current BTC price: $111,284
2. Support & Resistance
Support area: Around $110,000 – $110,550
Resistance area level: Around $111,500
Target zone: Around $113,000 – $113,200
3. Supertrend (indicator)
The green/red cloud suggests BTC is hovering near a potential bullish breakout zone
4. Trade Setup (highlighted on chart)
Entry: Around $111,500 breakout
Stop Loss: Around $110,000 – $110,200
Target: Around $113,000
Bullish Case
If BTC breaks and holds above $111,500 resistance, momentum could push it toward the $113,000 target zone.
Risk-to-reward (R:R) seems favorable if entry is near resistance breakout.
If BTC fails to break $111,500 and rejects strongly:
It could revisit the support zone ($110,000–$110,500).
A break below $110,000 would invalidate the bullish setup and may open downside toward $109,000.
Bullish Trade Plan:
Entry: Above $111,500 (confirmed breakout candle close).
Stop Loss: $110,000–$110,200.
Target: $113,000 (potential R:R ≈ 1:2).
Bearish Scenario:
Watch for rejection at $111,500.
If price closes below $110,000, downside continuation likel
Trade closed: target reached
Congratulations guys our buy side chart analysis has been hit with along 180 pips moves in buy position

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