Today, Bitcoin price (BTCUSD) saw a bearish correction, trading around the 34 and 89 EMAs, with the current price at $63,597.
Here is my trading strategy recommendation for BTCUSD:
Strategy: Sell BTCUSD
Stop Loss (SL): Set at 65,040 USD to limit risks.
Take Profit 1 - TP1: 62,100 USD, where you can start taking profits.
Second Take Profit Target (Take Profit 2 - TP2): 60,166 USD, to maximize profits if the downtrend continues.
This strategy is based on current technical analysis and market trends, helping you manage your positions proactively and effectively.
Here is my trading strategy recommendation for BTCUSD:
Strategy: Sell BTCUSD
Stop Loss (SL): Set at 65,040 USD to limit risks.
Take Profit 1 - TP1: 62,100 USD, where you can start taking profits.
Second Take Profit Target (Take Profit 2 - TP2): 60,166 USD, to maximize profits if the downtrend continues.
This strategy is based on current technical analysis and market trends, helping you manage your positions proactively and effectively.
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