Resistance Broken? BTC Aims for $96K!
Falling Trendline Breakout
Bitcoin has broken above a descending trendline resistance, indicating a potential shift in momentum from bearish to bullish.
Entry Zone
The recommended buy zone is $91,500 to $90,500. Price is currently within this range, making it an ideal area for a long entry.
Stop Loss
A tight stop-loss at $89,500 helps minimize downside risk if the breakout fails.
Targets
Target 1: $92,000
Target 2: $93,000
Target 3: $94,000
Target 4: $95,000
Target 5: $96,000
Risk Management
Stop-loss placement is critical to avoid potential losses, with a strong downside risk below $89,500.
Recommendation
Watch for a sustained close above the breakout level and monitor volume confirmation for continued upside momentum. This trade aligns well with a bullish reversal structure and offers multiple profit-taking levels.
Bitcoin has broken above a descending trendline resistance, indicating a potential shift in momentum from bearish to bullish.
Entry Zone
The recommended buy zone is $91,500 to $90,500. Price is currently within this range, making it an ideal area for a long entry.
Stop Loss
A tight stop-loss at $89,500 helps minimize downside risk if the breakout fails.
Targets
Target 1: $92,000
Target 2: $93,000
Target 3: $94,000
Target 4: $95,000
Target 5: $96,000
Risk Management
Stop-loss placement is critical to avoid potential losses, with a strong downside risk below $89,500.
Recommendation
Watch for a sustained close above the breakout level and monitor volume confirmation for continued upside momentum. This trade aligns well with a bullish reversal structure and offers multiple profit-taking levels.
تم فتح الصفقة
Reached TP 1أغلقت الصفقة: تم الوصول للهدف
How was that ? As Usual we hit TP without any hesitation directly 😏💪. If you haven't followed me yet you are missing a lot really ! Whoever Trusted followed me now enjoy the profit and stay tuned for more....
We hit 5 Take profits 🔥
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.