| Price | |
|---|---|
| Entry | $62,085 (EMA200 / lower BB) |
| Stop | $61,280 (below $61,338 swing low cluster) |
| TP1 | $62,827 (EMA20 - dynamic resistance) |
| TP2 | $63,077 (SMA20) |
| TP3 | $63,233 (SMA50) |
| R:R (to TP2) | ~1:2.1 |
Setup drawn on the 1h chart.
[[READ]] $778M BTC net OFF exchanges in 7d + EMA200/lower-BB confluence at $62,085 - your accumulation-outflow long signal is firing.
The setup:
Why this fits your rules:
One flag: ADX at 36 confirms active downtrend on 1h - this is a counter-trend bounce, not a trend continuation. Size per your risk rules accordingly. The EMA200 must hold on close; a 1h close below $61,771 (lower BB) invalidates.