Technical analysis by NakamotoZzzz about Symbol BTC: Buy recommendation (22 hour ago)

Trade Setup Analysis Pair: BTCUSDT Timeframe: 1D (Daily) Position Type: Long (Buy) Entry Point: 115,554.94 Positioned exactly between the stop loss and take profit zones, providing an optimal entry after a pullback to support. Stop Loss (SL): 112,693.78 Placed below the key support zone to limit downside risk. Risk is approximately -2.48% from entry. Take Profit (TP): 124,843.07 Target set at a recent swing high, offering a potential upside of around +8.04% from entry. Risk/Reward Ratio: 3.25 A favorable setup offering more than triple the potential reward compared to the risk. Technical Outlook: BTCUSDT experienced a sharp pullback after testing highs, now retesting a support level that aligns with previous consolidation. This could present a buying opportunity if bullish momentum resumes. Bullish Scenario: Holding above 115,554.94 and forming higher lows could trigger a rally toward 124,843.07. Bearish Invalidation: A break below 112,693.78 would invalidate the setup and may open the door to further downside. Summary: This setup targets a rebound from support with a clearly defined stop loss and a strong reward potential, making it suitable for swing traders seeking favorable R/R conditions.