BTC Long 
2025-02-01
Category: None

Reasons for Entering the Trade:

1. Multi-Timeframe Confluence Supports a Long Position

1H Chart:

Bullish rejection wicks at support indicate buyers stepping in.
RSI & MFI divergence suggests a reversal is forming.
Volume profile shows accumulation, meaning smart money may be loading positions.

4H Chart:

Price is retesting a key support level after the drop.
A break above 102,500 confirms a trend continuation toward 104,500+.
Bearish exhaustion seen in momentum indicators, shifting bias to the upside.

6H Chart:

Reclaiming previous support after a shakeout is a bullish signal.
RSI in a neutral zone, allowing room for an upside move.

1D Chart:

Holding above the moving average trend support is key for an upward move.
The previous drop hit support, bounced, and is now stabilizing for a potential breakout.

Final Execution Plan:

✅ Place Limit Entry Order: 102,200 - 102,500 USDT
✅ Set Stop-Loss: Below 101,000 USDT (Avoid getting stopped by volatility wicks)
✅ Monitor Volume & Momentum Before Scaling Position
✅ Take Partial Profits at 104,500 USDT & 106,500 USDT

📌 This is a high-confidence trade setup with solid risk management. The probability of a bounce from this level is strong based on confluence from multiple indicators and timeframes. Execution must be precise—if the setup fails, exit quickly to preserve capital.