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Signal $BTC | Breakout 1 Hour Followed by Pullback, Buy Support for Long Position
$BTC The 1-hour chart saw a golden cross followed by shrinking volume, but price held above 63,500. The 4-hour Bollinger Middle Band at 63,388 provides support. The depth of the sell order is -26% but was quickly absorbed.
🎯 Direction: Long
⚡ Entry/Limit Order: 63,411 - 63,602
🛑 Stop Loss: 62,966
🚀 Target 1: 64,556
🚀 Target 2: 65,033
🛡️ Trade Management:
- Execution Strategy: Reduce the position by 50% after reaching Target 1 and move the stop loss to breakeven. If price falls back to the entry point, automatically exit the position to protect capital.
Funding rate is stable at 0.0052%, OI is stable, and the long position is not crowded. Buying pressure continues to appear around 63,500 on the 1H chart, indicating clear buy interest below it. See the real-time quote 👇 $BTC
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