Chart Setup:
#BTC is forming a Head & Shoulders pattern on the 30-minute timeframe, signaling a potential bullish breakout. Additionally, a bullish divergence has appeared, strengthening the case for an upward move.
Key Levels to Watch:
🔹 Neckline Breakout: A confirmed breakout above the neckline could trigger a strong long opportunity.
🔹 Support Zone: If #BTC retests and holds the support level, it may provide a better risk-reward entry.
🔹 Invalidation: A breakdown below key support could shift the bias.
Trading Plan:
🔹 Wait for a clean neckline breakout with volume confirmation.
🔹 Set a stop-loss below recent support.
🔹 Target key resistance zones for profit-taking.
What’s Your Take?
Will #BTC break out or get rejected? Drop your thoughts in the comments!
Follow for More Trade Ideas & Market Updates!
#BTC is forming a Head & Shoulders pattern on the 30-minute timeframe, signaling a potential bullish breakout. Additionally, a bullish divergence has appeared, strengthening the case for an upward move.
Key Levels to Watch:
🔹 Neckline Breakout: A confirmed breakout above the neckline could trigger a strong long opportunity.
🔹 Support Zone: If #BTC retests and holds the support level, it may provide a better risk-reward entry.
🔹 Invalidation: A breakdown below key support could shift the bias.
Trading Plan:
🔹 Wait for a clean neckline breakout with volume confirmation.
🔹 Set a stop-loss below recent support.
🔹 Target key resistance zones for profit-taking.
What’s Your Take?
Will #BTC break out or get rejected? Drop your thoughts in the comments!
Follow for More Trade Ideas & Market Updates!
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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.
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.