BMT/USDT – Bullish Cup & Handle Breakout Setup on 4H Chart ☕🚀
BMT/USDT has formed a classic Cup & Handle pattern on the 4H timeframe and is gearing up for a breakout above the neckline zone (0.1454). The price is currently hovering around 0.1321 with increasing volume, suggesting bullish momentum is building. Fibonacci extensions project key upside targets post-breakout.
Pattern: Cup & Handle
Breakout (BO) Point: 0.1454
Fibonacci Targets:
🎯 TP1 (50%): 0.1582 – 0.1662
🎯 TP2 (Full): 0.1882 – 0.2126
Volume: Gradually rising – bullish confirmation
confirmation
📈 Trade Setup:
Buy Entry: On breakout above 0.1454 (with retest confirmation if conservative)
Stop-Loss: Below 0.1300 (recent lows and handle support)
TP1: 0.1582
TP2: 0.1882+
Risk-Reward Ratio: ~1:2.5
BMT/USDT has formed a classic Cup & Handle pattern on the 4H timeframe and is gearing up for a breakout above the neckline zone (0.1454). The price is currently hovering around 0.1321 with increasing volume, suggesting bullish momentum is building. Fibonacci extensions project key upside targets post-breakout.
Pattern: Cup & Handle
Breakout (BO) Point: 0.1454
Fibonacci Targets:
🎯 TP1 (50%): 0.1582 – 0.1662
🎯 TP2 (Full): 0.1882 – 0.2126
Volume: Gradually rising – bullish confirmation
confirmation
📈 Trade Setup:
Buy Entry: On breakout above 0.1454 (with retest confirmation if conservative)
Stop-Loss: Below 0.1300 (recent lows and handle support)
TP1: 0.1582
TP2: 0.1882+
Risk-Reward Ratio: ~1:2.5
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.