Recently, BTC has been oscillating in the 90,000-91,200 range, creating plenty of trading opportunities.
If you enjoy scalping during consolidations, here's how to play it: Short light positions near 91,200 on rallies, and long light positions near 90,200 on dips. Set your stops at 100-200 points above and below these levels—don't get too greedy.
If you want to catch a breakout move, go long once it breaks above 91,250, targeting 92,000, with stops at 90,800. Conversely, if it breaks below 90,000, chase shorts targeting 89,000, with stops at 90,500.
However, if you're a trend-following trader, now isn't the right time. The daily EMA bearish setup hasn't truly reversed yet, and directional signals aren't clear enough. You might as well stay on the sidelines and wait for more concrete technical signals before entering—your mind will feel much more at ease that way.
Recently, BTC has been oscillating in the 90,000-91,200 range, creating plenty of trading opportunities.
If you enjoy scalping during consolidations, here's how to play it: Short light positions near 91,200 on rallies, and long light positions near 90,200 on dips. Set your stops at 100-200 points above and below these levels—don't get too greedy.
If you want to catch a breakout move, go long once it breaks above 91,250, targeting 92,000, with stops at 90,800. Conversely, if it breaks below 90,000, chase shorts targeting 89,000, with stops at 90,500.
However, if you're a trend-following trader, now isn't the right time. The daily EMA bearish setup hasn't truly reversed yet, and directional signals aren't clear enough. You might as well stay on the sidelines and wait for more concrete technical signals before entering—your mind will feel much more at ease that way.