BTCUSD Trading Plan & Strategy
2025-01-31
Category: None

📊 BTC/USDT – Finalized Trading Plan & Strategy
📌 Current Market Overview

Price: 104,500 USDT
Trend: Short-term bearish correction from resistance.
Structure: Change of Character (ChoCH) suggests potential downward move.
📉 Sell Setup (Limit Order) – High Probability Trade
🔹 Sell Limit: 105,800 - 106,000 (Strong Resistance Zone)
🔹 Stop Loss (SL): 107,000 (Above key resistance)
🔹 Take Profit (TP):

TP1: 102,500
TP2: 100,500 - 100,000
✅ Why Sell Here?

Resistance Zone: Multiple rejections at 106K.
Bearish Engulfing Pattern: Indicating selling pressure.
Fibonacci Level: 78.6% retracement near 106K.
Strong Supply Area: Previous liquidity grab at 106K.
📈 Buy Setup (Limit Order) – Strong Demand Zone
🔹 Buy Limit: 100,000 - 100,500 (Support Zone)
🔹 Stop Loss (SL): 99,000
🔹 Take Profit (TP):

TP1: 103,000
TP2: 105,500
✅ Why Buy Here?

Key Psychological Support: 100K is a major demand zone.
Fibonacci Support: 61.8% retracement of previous rally.
Previous Breakout Zone: Likely to act as strong support.
Possible Bullish Reversal: Price action suggests bounce potential.
⚡ Instant Trade (Short-Term Intraday Setup)
🔹 Sell Now at: 104,500
🔹 Stop Loss (SL): 106,000
🔹 Take Profit (TP): 102,500

✅ Why Sell Now?

Bearish Confirmation: Weakness near resistance.
Short-Term Rejection: Price struggling to break higher.
Low-Risk Scalping Opportunity.
📊 Technical Indicator Confirmations
✅ EMA Analysis: Price rejecting near EMA resistance.
✅ Support & Resistance (SNR): 106K strong resistance, 100K strong support.
✅ Fibonacci Levels: 106K (78.6%), 100K (61.8%).
✅ Engulfing Candlestick Pattern: Bearish at key resistance.

🚀 Final Trading Advice & Execution Plan
Sell Near 106K, Buy Near 100K for best risk-reward.
Use Stop Loss & Risk Management to protect capital.
Wait for confirmations before entering trades.