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.
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.
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.