Broadening wedge structure identified. On 1HR timeframe. Price tapped the upper trendline and showed rejection.
Expecting a breakdown towards major support near 91,650 -$91250
Clean invalidation above wedge highs $96200
#BTC #Bitcoin #CryptoTrading #DayTrading #TechnicalAnalysis #BTCUSDT #PriceAction #TradingSetup #CryptoTrader #RiskReward
Expecting a breakdown towards major support near 91,650 -$91250
Clean invalidation above wedge highs $96200
#BTC #Bitcoin #CryptoTrading #DayTrading #TechnicalAnalysis #BTCUSDT #PriceAction #TradingSetup #CryptoTrader #RiskReward
Trade active
Trade was activated near upper trendline (95300)Note
BTC/USDT Trade Management Update 🚨Price moving in our favor.
I’m moving the stop loss to entry to secure the position and remove any risk. ✅
Now letting the trade play out towards the target at $91,200.
Will monitor closely for further downside momentum.
#BTC #Bitcoin #RiskManagement #TradeUpdate
Trade closed manually
Stop moved to entry got breached
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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.