• Entry: 105,000 – 106,000
• Stop-loss (STL): 102,800 (cut loss if the price closes a daily candle below the bottom of the Kumo cloud and the volume profile support area)
• Take-profit (TP):
• TP1: 109,000
• TP2: 112,000 (reaching the nearest peak)
• TP3: 116,500 (target to break the peak if there is a clear breakout)
⛔ Note: This is a long order intended to catch a technical rebound, as BTC is holding the daily Kumo cloud support area and the volume profile has not been breached. Technical signals lean towards a potential bounce back to test the peak, but closely monitor candle strength around the 106K area.
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🔎 Explanation of suggested orders:
1. Ichimoku:
• The BTC price is still above the green Kumo cloud, currently testing the bottom of the cloud – strong dynamic support.
• The forward cloud, although not clearly expanding, is still green with a positive tilt, reflecting that demand has not broken down.
• Chikou Span is still above the price, has not crossed below the past candles → the main trend is still bullish.
➡️ Positive structure if the price holds above the cloud and bounces back to the resistance area of 109K.
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2. Volume Profile & Delta:
• Large volume accumulation cluster around the 105,000 – 106,000 area → this is a strong support zone.
• The POC area around 106K has not been breached by a large-bodied candle → buyers are still controlling this area.
• Recent positive delta, though small (963), indicates there is no overwhelming selling pressure.
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3. MACD:
• MACD has crossed below the signal, the histogram is gradually decreasing towards 0 → indicating a correction phase.
• However, the histogram is slowing down its decline, may prepare to turn green if the price remains stable for a few more sessions.
➡️ This is a weak bearish signal – potential for recovery, especially if there is volume confirmation from buyers.
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📌 Conclusion:
BTCUSD is reacting to a strong technical support area around 105K – the intersection between the bottom of the Kumo cloud, POC volume, and the lower boundary of the nearest sideways zone.
If there is no strong negative news, the likelihood of a bounce back testing the 109K – 112K peak is high. A long position here has a good R:R ratio, with a clear stop-loss below the distribution area.
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🔖 #dolugcrypto – Trade idea in a long direction reacting to daily support, suitable for medium-term traders. Do not FOMO if the price has exceeded 108K. Need to monitor price behavior when approaching the 109K area – if strong distribution appears, consider taking profits gradually.
Do not recommend all-in, manage risk with a maximum of 2% of the account.
