Bitcoin / TetherUSShort
BTC sell???
📊 Analysis by AhmadArz:
🔍 Entry:
Breakout Confirmation: $90,700
A breakout from the symmetrical triangle indicates strong momentum, suggesting a downward trend.
🛑 Stop Loss:
Level: $92,563
Place your stop loss above the breakout point to minimize risk.
🎯 Take Profit:
1️⃣ TP1: $88,959 (First support zone)
2️⃣ TP2: $86,250 (Key demand level)
3️⃣ TP3: $83,505 (Strong historical support)
🧠 Analysis Overview:
The symmetrical triangle pattern on the 1-hour BTCUSDT chart is a classic continuation pattern. With a confirmed breakout, this setup presents a great risk-to-reward ratio.
📉 Additional Notes:
Increased volume during the breakout adds validity to this move.
Monitor RSI for signs of overbought/oversold conditions.
Price action near $88,959 will determine if the trend strengthens or consolidates.
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🔍 Entry:
Breakout Confirmation: $90,700
A breakout from the symmetrical triangle indicates strong momentum, suggesting a downward trend.
🛑 Stop Loss:
Level: $92,563
Place your stop loss above the breakout point to minimize risk.
🎯 Take Profit:
1️⃣ TP1: $88,959 (First support zone)
2️⃣ TP2: $86,250 (Key demand level)
3️⃣ TP3: $83,505 (Strong historical support)
🧠 Analysis Overview:
The symmetrical triangle pattern on the 1-hour BTCUSDT chart is a classic continuation pattern. With a confirmed breakout, this setup presents a great risk-to-reward ratio.
📉 Additional Notes:
Increased volume during the breakout adds validity to this move.
Monitor RSI for signs of overbought/oversold conditions.
Price action near $88,959 will determine if the trend strengthens or consolidates.
🔗 "Stay ahead of the crypto market with AhmadArz!
💡 Join us on TradingView for expert insights backed by five years of market expertise."
🚀 Boost this idea and💬 share your feedback below!
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