The chart shows a clear bullish trendline that is currently acting as strong support. After a significant reversal from the recent lows, BTC/USD is approaching a key breakout zone. If the price holds above the trendline, further upside is expected.
Trade Setup:
Entry: Around 84,500
Stop Loss: 82,116
Take Profit 1: 86,725
Take Profit 2: 88,381
Take Profit 3: 90,032
Risk-to-Reward Ratio:
This setup offers a favorable risk-to-reward ratio of approximately 1:3, making it a high-probability trade.
Note:
This trade idea is valid as long as the price respects the ascending trendline. A break below this support would invalidate the setup. Always use proper risk management.
Trade Setup:
Entry: Around 84,500
Stop Loss: 82,116
Take Profit 1: 86,725
Take Profit 2: 88,381
Take Profit 3: 90,032
Risk-to-Reward Ratio:
This setup offers a favorable risk-to-reward ratio of approximately 1:3, making it a high-probability trade.
Note:
This trade idea is valid as long as the price respects the ascending trendline. A break below this support would invalidate the setup. Always use proper risk management.
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.