BTC/USD: Sideways Play, Ready for Next Leg Up
BTC/USDLongSwing1w ago29 views
Trade Setup
Entry Price
76625.00
Stop Loss
72911.00
Take Profit
82195.00
Risk : Reward
1 : 1.50
RiskReward
Market Scan: Consolidation Ahead of Potential Move
BTC/USD is holding at 77368, up a modest 0.22% over 24 hours. The trend is clearly sideways, trading within a daily range of 75820.64 and 78915.36. We're seeing immediate resistance at 77400 being tested. This consolidation typically precedes a larger move, and the chart shows indecision around the 77300-77450 zone.
The Plan: Textbook Entry on Pullback
My setup is long, targeting a swing move. I'm waiting for a pullback to 76625 for entry – a textbook retest of support before a potential push higher. Stop loss is placed conservatively at 72
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