$BTC âȘ Entry (Bullish Confirmation)
Wait for price to close above a resistance level like the 20-period SMA (e.g., if 20 SMA ~ $70,000, wait for a daily close above that).
đ Example entry: Buy above ~$70,000 (only if price breaks and holds).
(This aligns with the idea that reclaiming moving averages shows returning bullish momentum.) ïżœ
CoinLore
đ» Stop-Loss (Protective Level)
Place your stop below the nearest swing low or support.
đ Example stop: ~$64,000â$65,000 â below recent lows and short-term structure.
đŻ Target (Take-Profit)
First target often where previous resistance/price congestion occurred:
đ Target 1: ~$74,000 â a nearby resistance range if the breakout gathers momentum.
đ Target 2: ~$78,000+ â if the trend strengthens and higher SMAs act as resistance.
â ïž This is an example framework you can check visually on a chart using your indicators. Itâs not a recommendation to buy or sell BTC.
