The chart shows a Bitcoin (BTC/USD) trading setup on a 30-minute timeframe.
Current Status:
Chart shows an ascending trendline that appears to be acting as a support.
A bullish setup seems to be anticipated, with the price currently hovering just above the trendline.
Key Levels:
Entry Zone: Around $84,000–$83,600.
Stoploss: $83,000.
Target Levels (highlighted in green):
Initial Target: $85,100
Target 2: $86,200
Target 3: $87,100
Final Target: $88,000
Trade Idea Summary:
A long (buy) position is suggested with a tight stoploss below the trendline.
The risk-reward ratio looks favorable, aiming for multiple take-profit levels on the way up.
Bullish sentiment is implied as long as the price respects the trendline and doesn’t break below $84,000.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.