π Pair: BTC/USDT (BINANCE) β³ Timeframe: 30-Min Chart π Setup Type: Bullish Reversal π Trade Plan: β Entry Zone: $97,726.09 β $98,000 (Support + Falling Wedge Breakout) π Take Profit 1 (TP1): $101,476.05 (Key Resistance) π Take Profit 2 (TP2): $102,000+ (Extended Target if momentum continues) π» Stop-Loss (SL): $96,118.97 (Below Support for Risk Control) π Risk-Reward Ratio: Favorable for long setup ππ
πΉ Technical Analysis & Setup:
β Pattern: Falling Wedge (Bullish Reversal Pattern) π β π β Support Zone: Strong buyer interest at $97,726.09 (Yellow Zone) β Breakout Confirmation Needed: Price should break out of the wedge with volume β Momentum Shift Expected: Bullish reversal likely from wedge support π₯ Trade Strategy & Refinements: π Volume Confirmation: Look for increased buying volume at wedge breakout π π Trailing Stop Strategy: Once price reaches TP1, adjust SL higher to lock in profits π° Partial Profit Booking: Take partial profits at TP1 and let the rest ride towards TP2 β οΈ Watch for Fake Breakouts: If price drops below $97,726.09, reconsider the setup π Final Thoughts: β Bullish Reversal Expected β High probability of upside breakout π β Strong Support at $97,726.09 β Ideal entry zone for risk-reward optimization π° β Momentum Shift Possible β A breakout could push BTC to $101,476.05+ π π Trade Smart & Stick to Your Plan! ππ₯
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