BTC Crypto Futures Trade Plan 2025-04-21
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Trading Rules:
The provided strategy involves trading crypto futures with leverage, typically between 50-150x. The directionality of the trade is determined by the majority of market insights suggesting a trend direction. Position sizing is based on account equity and risk tolerance, and risk management is strictly enforced through the use of stop-loss and take-profit levels.
Required Analysis Steps:
Technical Analysis Synthesis:
Price Position Relative to Key Moving Averages: The current price of $87,038.50 is above the SMA (20) at $83,037.73 and SMA (50) at $84,075.44 but below the SMA (200) at $88,220.23. This suggests a potential short-term uptrend but a long-term downtrend. RSI Readings: The RSI (14) is at 57.19, which does not indicate overbought or oversold conditions, suggesting room for movement in either direction. Bollinger Band Position and Width: The price is below the upper Bollinger Band at $88,225.53 and above the lower band at $77,849.92. The bands' position suggests volatility, and the current price being closer to the upper band may indicate a potential pullback. Key Support/Resistance Levels: The SMA (200) acts as a significant resistance, while the SMA (50) and SMA (20) could serve as supports. Market Sentiment Integration: