BTCUSD is currently trading within a clearly defined ascending channel on the 15-minute chart. The price recently touched the lower boundary of the channel and is showing signs of a potential bullish bounce.
This structure suggests that the pair may continue respecting the trend and head toward the upper boundary of the channel, offering a favorable risk-to-reward opportunity.
The trade plan includes a long setup with stop-loss placed just below the channel support and a target near the upper resistance zone. Volume remains moderate, supporting gradual upward momentum.
Technical Highlights:
Pattern: Ascending Channel
Key Support: Lower trendline
Entry Zone: Near current support
Target Zone: Around 106,500
Stop-Loss: Below recent swing low (around 104,185)
This is a technical chart idea based on price action and structure. Please manage your risk accordingly.
This structure suggests that the pair may continue respecting the trend and head toward the upper boundary of the channel, offering a favorable risk-to-reward opportunity.
The trade plan includes a long setup with stop-loss placed just below the channel support and a target near the upper resistance zone. Volume remains moderate, supporting gradual upward momentum.
Technical Highlights:
Pattern: Ascending Channel
Key Support: Lower trendline
Entry Zone: Near current support
Target Zone: Around 106,500
Stop-Loss: Below recent swing low (around 104,185)
This is a technical chart idea based on price action and structure. Please manage your risk accordingly.
Trade active
active now Trade closed: target reached
hold for 6 hours
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.