BTC Looking Bullish! Aiming for a Swing Long, What do you reckon?
BTC/USDLongSwing3h ago4 views
Trade Setup
Entry Price
80003.00
Stop Loss
76126.00
Take Profit
85819.00
Risk : Reward
1 : 1.50
RiskReward
BTC: Riding the Bullish Wave 🚀
Right then, team! Been watching BTC/USD like a hawk, and it's looking pretty good this morning. We're currently sat at 80778, which is up a decent 1.33% in the last 24 hours – proper strong move, isn't it? The overall trend is definitely bullish, which gives me confidence to look for long setups. The daily range has been between 79162.44 and 82393.56, showing there's been some good volatility but with a clear upward bias.
My Swing Setup & Analysis
I'm eyeing a swing long here. I'm waiting for a bit of a dip, aiming for an entry around 80003. Why 80003? Well, it's just above the 80700 and 80750 support levels, offering a nice bounce zone if we see a retest. My stop loss is set quite conservatively at 76126, giving it enough room to breathe below the 79162.44 day range low, without getting wicked out on a minor pullback. For the take profit, I'm looking at 85819 – this looks juicy if the bullish momentum keeps up. It's a bit of a stretch past the current daily high of 82393.56, but with the overall market sentiment for crypto, I think it's achievable on a swing trade. Easy money if you're patient!
What do you all think? Anyone else looking at BTC longs? Always keen to hear other perspectives. Let's go!
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