BTC/USD Swing Trade Setup (4H Time Frame)
Current Trend: Bitcoin has been consistently following a Descending Channel and is now showing signs of a potential breakout! It's also attempting a fake breakdown, indicating a possible bullish reversal.
Trade Setup:
Buy Entry: $87,050
Target 1: $94,480
Target 2: $98,000
Stop-Loss: Maintain risk management based on your strategy!
Key Insights:
First construction phase forming – BTC is gathering strength!
Potential fake breakdown to trap weak hands before an upside move!
Strong recovery expected once the breakout is confirmed!
4H Time Frame Outlook: BTC is near a crucial buy zone, and any strong bounce from support could trigger a bullish momentum!
Trade Wisely & Manage Risk!
Current Trend: Bitcoin has been consistently following a Descending Channel and is now showing signs of a potential breakout! It's also attempting a fake breakdown, indicating a possible bullish reversal.
Trade Setup:
Buy Entry: $87,050
Target 1: $94,480
Target 2: $98,000
Stop-Loss: Maintain risk management based on your strategy!
Key Insights:
First construction phase forming – BTC is gathering strength!
Potential fake breakdown to trap weak hands before an upside move!
Strong recovery expected once the breakout is confirmed!
4H Time Frame Outlook: BTC is near a crucial buy zone, and any strong bounce from support could trigger a bullish momentum!
Trade Wisely & Manage Risk!
Trade active
TRADE UPDATE= BTC/USD has touched the entry level at $87,050! Time to open your BUY positions now! 🎯 Target 1: $94,480
🎯 Target 2: $98,000
📊Stay sharp, trade wisely & ride the wave!
#Bitcoin #BTC #Crypto #Trading #BullRun
Trade closed manually
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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.
Related publications
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.