📈
Chart Pattern: Symmetrical Triangle Breakout (Pending confirmation)
Bias: Bullish – expecting breakout to the upside
✅ Trade Plan – Long Position
Entry: ~$84,521 (on breakout of triangle resistance)
Stop-Loss (SL): ~$84,000 (below trendline & consolidation base)
Take Profit (TP) Levels:
TP1: $85,137 (local horizontal resistance – yellow line)
TP2: $85,460 (stronger horizontal resistance – green line)
📐 Risk-Reward Ratio: ~1 : 2+
🟢 Favorable for momentum entry if volume supports breakout.
🔍 Technical Highlights
Triangle formation tightening with decreasing volume → breakout likely soon
Previous breakouts (circled) showed strong follow-through
Horizontal zones respected → key levels remain reliable
Bullish structure still intact above $84k
Chart Pattern: Symmetrical Triangle Breakout (Pending confirmation)
Bias: Bullish – expecting breakout to the upside
✅ Trade Plan – Long Position
Entry: ~$84,521 (on breakout of triangle resistance)
Stop-Loss (SL): ~$84,000 (below trendline & consolidation base)
Take Profit (TP) Levels:
TP1: $85,137 (local horizontal resistance – yellow line)
TP2: $85,460 (stronger horizontal resistance – green line)
📐 Risk-Reward Ratio: ~1 : 2+
🟢 Favorable for momentum entry if volume supports breakout.
🔍 Technical Highlights
Triangle formation tightening with decreasing volume → breakout likely soon
Previous breakouts (circled) showed strong follow-through
Horizontal zones respected → key levels remain reliable
Bullish structure still intact above $84k
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.
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.