Drweb3
vip

Based on the 4-hour chart of BTC/USDT


📊 Technical Overview:

Current Price: ~$108,400

Bollinger Bands (BB 20 SMA):

Price just bounced up from the lower band, indicating a possible short-term reversal or bounce.

Middle Band (SMA 20): Acting as resistance, currently around 108,800 – 109,000.

Upper Band: Near 111,500 – 112,000 area (potential TP zone).

Previous strong rejection zone visible around 109,233.7, which is a clear resistance.
✅ Suggested Trade Setup (Short-term Swing / Scalping):

🟩 Entry (Buy):

Around 108,200 – 108,400
(current price zone, after bounce from lower Bollinger Band)
🛡️ Stop Loss (SL):
Below recent wick low: ~107,200
(Gives the trade some breathing room; below recent swing low)

🎯 Take Profit (TP):
Conservative TP1: 109,200 – 109,500 (near resistance / mid-Bollinger)

Aggressive TP2: 111,500 – 112,000 (upper Bollinger Band / breakout play)
📌 Additional Notes:

Wait for a 4H candle close above the middle Bollinger Band for stronger confirmation.
Volume isn't shown, but always combine with volume or RSI confirmation if available.
Avoid holding during major news releases or BTC dominance spikes.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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TheBeautifulQueenvip
· 06-13 12:37
hi
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