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

*Buy Signal: BTCUSDT**Entry Price:* $98,500*Target Price:* $100,567*Stop Loss:* $96,200*Risk/Reward Ratio:* 2.5:1*Timeframe:* 4-hour chart*Reason for Signal:*- Bullish engulfing pattern formed on 4-hour chart- RSI (14) crossed above 50, indicating bullish momentum- Moving averages aligned for potential uptrend*Recommendation:*- Buy BTCUSDT at $98,500- Set take-profit at $100,567 ( approx. 2% increase)- Set stop-loss at $96,200 (approx. 2.5% decrease)*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.Would you like me to:1. Generate a sell signal2. Provide market updates3. Explain technical analysis concepts4. Offer risk management strategies