Trade Setup Analysis
Pair: BTCUSDT
Timeframe: 1D (Daily)
Position Type: Long (Buy)
Entry Point: 115,554.94
Positioned exactly between the stop loss and take profit zones, providing an optimal entry after a pullback to support.
Stop Loss (SL): 112,693.78
Placed below the key support zone to limit downside risk. Risk is approximately -2.48% from entry.
Take Profit (TP): 124,843.07
Target set at a recent swing high, offering a potential upside of around +8.04% from entry.
Risk/Reward Ratio: 3.25
A favorable setup offering more than triple the potential reward compared to the risk.
Technical Outlook:
BTCUSDT experienced a sharp pullback after testing highs, now retesting a support level that aligns with previous consolidation. This could present a buying opportunity if bullish momentum resumes.
Bullish Scenario: Holding above 115,554.94 and forming higher lows could trigger a rally toward 124,843.07.
Bearish Invalidation: A break below 112,693.78 would invalidate the setup and may open the door to further downside.
Summary:
This setup targets a rebound from support with a clearly defined stop loss and a strong reward potential, making it suitable for swing traders seeking favorable R/R conditions.
Pair: BTCUSDT
Timeframe: 1D (Daily)
Position Type: Long (Buy)
Entry Point: 115,554.94
Positioned exactly between the stop loss and take profit zones, providing an optimal entry after a pullback to support.
Stop Loss (SL): 112,693.78
Placed below the key support zone to limit downside risk. Risk is approximately -2.48% from entry.
Take Profit (TP): 124,843.07
Target set at a recent swing high, offering a potential upside of around +8.04% from entry.
Risk/Reward Ratio: 3.25
A favorable setup offering more than triple the potential reward compared to the risk.
Technical Outlook:
BTCUSDT experienced a sharp pullback after testing highs, now retesting a support level that aligns with previous consolidation. This could present a buying opportunity if bullish momentum resumes.
Bullish Scenario: Holding above 115,554.94 and forming higher lows could trigger a rally toward 124,843.07.
Bearish Invalidation: A break below 112,693.78 would invalidate the setup and may open the door to further downside.
Summary:
This setup targets a rebound from support with a clearly defined stop loss and a strong reward potential, making it suitable for swing traders seeking favorable R/R conditions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.