Technical analysis by SahilTrader51 about Symbol BTC: Buy recommendation (11/13/2024)

*Buy Signal: BTC**Entry Price:* $87,643*Stop Loss (SL):* $80,643 (approx. 8% decrease)*Take Profit (TP):* $95,000 (approx. 8.5% increase)*Risk/Reward Ratio:* 1:1*Timeframe:* 4-hour chart*Reason for Signal:*- Bullish reversal pattern formed on 4-hour chart- RSI (14) crossed above 30, indicating oversold conditions- Moving averages aligned for potential uptrend*Recommendation:*- Buy BTC at $87,643- Set stop-loss at $80,643- Set take-profit at $95,000*Disclaimer:*This signal is for informational purposes only and should not be considered investment advice. Cryptocurrency trading carries significant risks, and losses can exceed initial investments. Always conduct your own research and consult with a financial advisor before making trading decisions.*Additional Analysis:*- Support levels: $85,000, $82,000- Resistance levels: $90,000, $92,500- Market sentiment: Neutral to bullish*Monitoring:*- Price movement- Volume- Technical indicators- Market news and events