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BTC drops below 63k—are you brave enough to take this reversal signal?
$BTC /USDT - GO LONG
Trading plan:
Entry: 62,769.7 – 62,934.5
SL: 61,823.3
TP1: 63,623.7
TP2: 64,138.1
TP3: 64,909.7
Why focus on this structure?
4-hour LONG signal (84% confidence). The 15-minute RSI has reached the oversold zone at 35.79, and the 1-hour EMA support is at 62,852. The trend is bearish, but oversold rebound momentum is building. The entry range is 62,769–62,934; TP1 targets 63,623, TP2 targets 64,138.
Discussion:
Do we first tag TP2 to lure longs, or directly break through the SL down to 61,823? Comment with your take!