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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