Bitcoin Scalping Strategy with Tiered Profit Targets and Controlled Risk

I didn't reach $15, but I believe it's important to always place bets slightly below round figures for better risk management. I'm considering a scalp long position on Bitcoin (BTC) as a hedge at the following levels: entry between 114,100 and 114,800, with take profit targets at 115,800, 116,900, and 117,900. The stop loss is set at 112,880. This approach reflects a cautious trading strategy that aims to profit from short-term upward movements while controlling downside risk with a well-defined stop loss. Watching for market confirmation around these levels will be essential to execute effectively. By setting multiple take profit points, I can secure partial gains at different stages as the price moves upward. This layered approach can help optimize overall profitability while managing the inherent volatility of Bitcoin trading. Overall, this plan aligns with my risk-averse style, aiming to capitalize on small, quick gains without risking excessive capital at any single point. Staying disciplined and monitoring the market closely will be key to the success of this trade.