Technical analysis by Ryn8111 about Symbol BTC: Buy recommendation (6/17/2025)

Trade Direction:BTC Scalp LongRisk Management:- 0.25% Risk- High risk knife catch tradeReason for Entry:- 0.886 Retrace- Weekly Open ideal area for short entries also lines up with a 0.5 corrective move for this leg.- Oversold on 4 Macro TFs (M15,M30,H1,H2)Additional Notes:- Target Weekly Open- High High Risk which = A very tiny risk on SL. My only trade of the day.Up slightly. Cannot express how risky this trade is. Its knife catching to an extreme. My risk is clearly defined and within my tolerances.First TP for me is Monthly Open and I'll go BE there aswell.TP 1 Hit,SL Now breakevenSecond TP Hit (Monday low)Trailing stops to 104,300Being extremely aggressive with tpsClosing here. Not getting greedy all for an extra .2R. Final result: +2.13RGreat little scalp.Trade Review:Solid scalp. Entry reasons where solid however extreme risk in the market with middle east war escalating.Bias was after 12+ bearish candles we were due a expected retrace along with key level 0.886Likely could have held till weekly open but banking the profit and walking away.Overall solid, was extremely risky with the market environment.Max: 2.5RActual: 2.13RRemember. Aggressive TPing is the only way to trade this right now. Not looking for larger TF moves at present quick scalps only.