$BTC tagged the daily BOLL lower band with H4 and H1 StochRSI both at historic lows signaling a washout is complete
trade plan: long $BTC
entry: 65,500 to 66,500
stop loss: 62,100
targets
tp1: 68,800
tp2: 70,200
tp3: 72,000
move sl to entry after tp1.
click 👇 and long $BTC
Daily is in a clear downtrend with SAR at 75,163 and all three EMAs stacked well above price, but StochRSI at 21 and price sitting on the BOLL lower band at 65,854 is a historically reliable mean reversion zone for a relief bounce. H4 StochRSI is literally at 0.0 with OBV deeply negative confirming the sell pressure was extreme and exhaustive, making a short term snapback highly probable before any continuation lower. H1 confirms the washout with StochRSI at 6 to 7 and price pressing the BOLL lower at 65,490 with OI ticking up suggesting shorts are getting crowded at this level. This is a counter trend bounce trade only and the dominant structure remains bearish until price reclaims the EMA cluster above 69,000.
risk max 1-2.