Fuel Your Trading Success with Innovative Insights

BINANCE:BTCUSDT COINBASE:BTCUSD Mid-Risk Status: 4x-5x Leverage Low-Risk Status: 2x-3x Leverage If BTC closes above the yellow area: Price targets are 61K, followed by 63K, and then 65K. Take Profit (TP): Refer to chart Stop Loss (SL): Refer to chart Alternate Scenario: If the price stabilizes below the trigger zone and above the resistance line, the setup will be canceled.

Trade Setup 1. Direction: - Uptrend on the higher timeframe (1D chart) with the 15-minute chart confirming the bullish movement through a series of higher highs and higher lows. 2. Entry Price: - Buy Limit Order: Place a buy limit order at $2,468.00. This level is near a minor support zone on the 15-minute chart, offering a lower-risk entry point during a potential pullback. 3. Stop Loss: - Stop Loss: Set your stop loss at $2,460.00. This position is below the recent low on the 15-minute chart, sufficiently covering market noise while effectively limiting risk. 4. Target Price: - Take Profit: Set your take profit at $2,490.00. This target aligns with the next significant resistance level and stands above a key Fibonacci extension level on the 15-minute chart, ensuring a strong reward-to-risk ratio. 5. Trailing Stop: - Trailing Stop: Upon reaching the price of $2,480.00, adjust your stop loss to $2,468.00, thereby securing profit while allowing the trade to progress toward the target. Trade Rationale: - The 1D chart demonstrates robust bullish momentum with the price surpassing recent highs, indicating potential for continued upward movement. - The 15-minute chart reveals a breakout and retest pattern, suggesting the uptrend will persist. - This setup presents an attractive reward-to-risk ratio of approximately 2.75:1.