Long BTC Perpetual (BYBIT) | Breakout Confirmation?

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Here are my calculated levels in a bullish scenario with invalidation! This is only a future prediction and not a trade setup. Follow along:

Trade Rationale:

BTC has recently confirmed a higher low and successfully broken above the 100K psychological barrier. The price has been consolidating just above the breakout zone (~102.5K), suggesting strength and potential continuation to the upside.

A classic range breakout play is in effect, with the entry placed just above the recent consolidation and a clearly defined invalidation level (previous support zone near 91,180). The TP levels are aligned with historical resistance zones and Fibonacci extension targets.
✅ Scenario Validation:

Structure: Higher highs and higher lows confirm bullish market structure on the 2D timeframe.

Volume (Assumed): Breakout accompanied by volume expansion would validate momentum.

Confluence Levels: TP1 and TP2 are based on prior rejection zones; TP3 overlaps with weekly resistance.

Risk-Reward Ratio: R:R > 3.5, which is favorable for a swing setup.

Stop Placement: Below the major swing low, providing room for volatility without premature exit.

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