📊
🚀 Setup Type: Bullish Breakout – Triangle Pattern + Price Compression
✅ Trade Plan: Long Position
🔔 Entry & Exit Plan
✅ Entry Zone: Above $84,167.85 (Breakout Confirmation)
🛡️ Stop-Loss (SL): Below $83,229.60 (Support & Triangle Base)
🎯 Take Profit Targets:
📌 TP1: $84,958.18 – Key Resistance Zone
📌 TP2: $86,529.62 – Breakout Projection + Major Resistance
📊 Risk-Reward Breakdown
🔻 Risk: $84,167.85 – $83,229.60 = $938.25
📈 Reward to TP1: $84,958.18 – $84,167.85 = $790.33 → 1:0.8
📈 Reward to TP2: $86,529.62 – $84,167.85 = $2,361.77 → 1:2.5
✅ Solid breakout play with clean structure & high potential to TP2!
🔍 Technical Breakdown
📌 Symmetrical Triangle: Price compressed between higher lows and lower highs
📌 Breakout Candle: Attempt to push above resistance trendline
📌 Key Support Holding: Strong base formed around $83,200–$83,300
📌 Momentum Bias: Bullish if price holds above breakout level with volume
🛠️ Execution Strategy
✔ Wait for Candle Close Above $84,200+ for confirmation
✔ Move SL to Break-even once TP1 is hit
✔ Partial Profit Booking Strategy:
▫️ Book 50% at TP1
▫️ Let the rest ride toward TP2
✔ Monitor Bitcoin dominance & U.S. market correlation during trade
⚠️ Risk Considerations
❌ False Breakouts: If breakout lacks volume, price may return to range
❌ News Volatility: Be cautious of macroeconomic events or crypto-specific news
🚀 Final Thoughts from ProfittoPath
✔ Bullish structure with a tight breakout zone
✔ Strong R/R setup with clean invalidation
✔ Trade the breakout—don’t chase, wait for confirmation
💡 Discipline + Risk Management = Consistent Profits
🔗 #Bitcoin #BTCUSD #CryptoTrading #ProfittoPath #BreakoutSetup #TradingView
🚀 Setup Type: Bullish Breakout – Triangle Pattern + Price Compression
✅ Trade Plan: Long Position
🔔 Entry & Exit Plan
✅ Entry Zone: Above $84,167.85 (Breakout Confirmation)
🛡️ Stop-Loss (SL): Below $83,229.60 (Support & Triangle Base)
🎯 Take Profit Targets:
📌 TP1: $84,958.18 – Key Resistance Zone
📌 TP2: $86,529.62 – Breakout Projection + Major Resistance
📊 Risk-Reward Breakdown
🔻 Risk: $84,167.85 – $83,229.60 = $938.25
📈 Reward to TP1: $84,958.18 – $84,167.85 = $790.33 → 1:0.8
📈 Reward to TP2: $86,529.62 – $84,167.85 = $2,361.77 → 1:2.5
✅ Solid breakout play with clean structure & high potential to TP2!
🔍 Technical Breakdown
📌 Symmetrical Triangle: Price compressed between higher lows and lower highs
📌 Breakout Candle: Attempt to push above resistance trendline
📌 Key Support Holding: Strong base formed around $83,200–$83,300
📌 Momentum Bias: Bullish if price holds above breakout level with volume
🛠️ Execution Strategy
✔ Wait for Candle Close Above $84,200+ for confirmation
✔ Move SL to Break-even once TP1 is hit
✔ Partial Profit Booking Strategy:
▫️ Book 50% at TP1
▫️ Let the rest ride toward TP2
✔ Monitor Bitcoin dominance & U.S. market correlation during trade
⚠️ Risk Considerations
❌ False Breakouts: If breakout lacks volume, price may return to range
❌ News Volatility: Be cautious of macroeconomic events or crypto-specific news
🚀 Final Thoughts from ProfittoPath
✔ Bullish structure with a tight breakout zone
✔ Strong R/R setup with clean invalidation
✔ Trade the breakout—don’t chase, wait for confirmation
💡 Discipline + Risk Management = Consistent Profits
🔗 #Bitcoin #BTCUSD #CryptoTrading #ProfittoPath #BreakoutSetup #TradingView
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.