This 4-hour chart of BTC/USD is representative of a bullish trading situation. Below is a breakdown of the chart and strategy
Price Action & Chart Pattern
Ascending Channel: Price is in an upward-sloping channel, showing bullish strength.
Several Tests of Resistance: Price has tested a few times the resistance level of 109,000–110,000 USD, showing strength and potential breakout.
Support Zone: Price has just bounced off a major support zone of 107,000–107,300 USD, upholding the bullish setup.
Trade Plan Breakdown
Entry Zone
Entry Price: ~109,000 USD
This is below resistance, looking for the breakout to continue.
Stop Loss
SL Level: 107,343 USD
Take Profit Targets
Target 1: Around 110,800 USD
Slightly above the present resistance.
Target 2: About 112,115 USD
Touches the "re-test again top high zone" and top of last major resistance.
✅ Bullish Confluences
Super trend (green line) confirms the upward bias.
Higher lows established, demonstrating bullish configuration.
Breakout capability from multiple resistance contacts.
Bias: Bullish
Trade Idea: Long on retest/breakout of resistance area
Risk-Reward: Good with stop loss below structure and targets at prior highs
Would you like me to do this in signal form or build alarms for this plan?
Price Action & Chart Pattern
Ascending Channel: Price is in an upward-sloping channel, showing bullish strength.
Several Tests of Resistance: Price has tested a few times the resistance level of 109,000–110,000 USD, showing strength and potential breakout.
Support Zone: Price has just bounced off a major support zone of 107,000–107,300 USD, upholding the bullish setup.
Trade Plan Breakdown
Entry Zone
Entry Price: ~109,000 USD
This is below resistance, looking for the breakout to continue.
Stop Loss
SL Level: 107,343 USD
Take Profit Targets
Target 1: Around 110,800 USD
Slightly above the present resistance.
Target 2: About 112,115 USD
Touches the "re-test again top high zone" and top of last major resistance.
✅ Bullish Confluences
Super trend (green line) confirms the upward bias.
Higher lows established, demonstrating bullish configuration.
Breakout capability from multiple resistance contacts.
Bias: Bullish
Trade Idea: Long on retest/breakout of resistance area
Risk-Reward: Good with stop loss below structure and targets at prior highs
Would you like me to do this in signal form or build alarms for this plan?
Trade closed: target reached
congratulation guys our first resistance level based target 1 is achieved successfully running trade 140+pips current position 110400entry setup from 109000
Note
and finally re test on top zone hit with 200+pips bullish move 
Harry Trader
t.me/+4m_vvT-TNK0yYTE8
Free Education & Signal Daily
Focus on Gold/XAUUSD
BTC/USD
GBP/JPY
EUR/USD
GBP/USD
STOCKS
COMMODITIES
Sharp Entry & Sniper Entry
t.me/+4m_vvT-TNK0yYTE8
t.me/+4m_vvT-TNK0yYTE8
Free Education & Signal Daily
Focus on Gold/XAUUSD
BTC/USD
GBP/JPY
EUR/USD
GBP/USD
STOCKS
COMMODITIES
Sharp Entry & Sniper Entry
t.me/+4m_vvT-TNK0yYTE8
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.
Harry Trader
t.me/+4m_vvT-TNK0yYTE8
Free Education & Signal Daily
Focus on Gold/XAUUSD
BTC/USD
GBP/JPY
EUR/USD
GBP/USD
STOCKS
COMMODITIES
Sharp Entry & Sniper Entry
t.me/+4m_vvT-TNK0yYTE8
t.me/+4m_vvT-TNK0yYTE8
Free Education & Signal Daily
Focus on Gold/XAUUSD
BTC/USD
GBP/JPY
EUR/USD
GBP/USD
STOCKS
COMMODITIES
Sharp Entry & Sniper Entry
t.me/+4m_vvT-TNK0yYTE8
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.