Pattern: Ascending triangle formation — typically a bullish continuation pattern.
Entry Zone: Just above the horizontal resistance (around 105,170).
Stop Loss: Around 104,604.91, placed below the ascending trendline support.
Take Profit: Around 106,870.08, indicating a favorable risk-to-reward ratio.
Bitcoin is forming an ascending triangle on the 1-hour chart, signaling potential bullish momentum. Entry above the resistance with a solid risk-reward setup:
📈 Entry: 105,170
🛑 Stop Loss: 104,605
🎯 Target: 106,870
Pattern: Ascending Triangle 🔺
Timeframe: 1H
Bias: Bullish
Always manage risk and use proper position sizing.
Entry Zone: Just above the horizontal resistance (around 105,170).
Stop Loss: Around 104,604.91, placed below the ascending trendline support.
Take Profit: Around 106,870.08, indicating a favorable risk-to-reward ratio.
Bitcoin is forming an ascending triangle on the 1-hour chart, signaling potential bullish momentum. Entry above the resistance with a solid risk-reward setup:
📈 Entry: 105,170
🛑 Stop Loss: 104,605
🎯 Target: 106,870
Pattern: Ascending Triangle 🔺
Timeframe: 1H
Bias: Bullish
Always manage risk and use proper position sizing.
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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.