Bitcoin: Trader Enters Long After Wick Flush
Bitcoin at $60271.02 triggers long entry on liquidation flush targeting 3R as trader risks 1% on Hyrotrader amid BTC price action.
SourceAnalysis
Bitcoin ($BTC) wicked below the lows today but sellers failed to hold the level, triggering a long entry with 1% account risk targeting a 3R move on crypto futures trading 3R targets after flush setups as shared by @cas_abbe via Hyrotrader. This move echoes patterns from Bitcoin liquidation cascades and wick reversals history over the past twelve months. On the 4h chart BTC trades at $60271.02 inside the Bollinger Bands after tagging lower support at $58720.97, with MACD death cross at -922.11 confirming bearish momentum while neutral RSI at 40.01 leaves room for a measured bounce toward the EMA50 level at $62468.35 before any sustained continuation.
Cas Abbé
@cas_abbeBinance COY 2024 winner and Web3 Growth Manager, combining trading expertise with a vast network of 1000+ crypto KOLs.