BTCUSD – Inverse Cup & Handle + Ascending Channel Breakdown IncomingSpotted a bearish setup on the 1H timeframe:
Inverse Cup & Handle pattern forming
*Ascending channel breakdown likely soon*
#Sell Setup:
#Entry 1: 94,300
#Entry 2 (Breakdown): 93,000
#Technical Targets:📌
🎯#Target 1: 90,600
🎯#Target 2: 88,300
#Momentum weakening – watch for strong bearish follow-through. Manage risk accordingly.
#BTCUSD #CryptoTrading #ChartPatterns #ShortSetup #Bitcoin
Trade active
Trade closed manually
Related publications
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.
Related publications
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.