The chart showcases a strong bullish movement after forming a base at the support zone. Following a period of consolidation, the price broke out with significant momentum, indicating increased buying interest. The upward trajectory reached the short-term resistance level, where the momentum temporarily slowed down, suggesting a potential reaction at this point.
The volume surge during the breakout phase supports the strength of the upward move. As the price approached the resistance zone, selling pressure increased, leading to a pullback. The setup successfully reached the anticipated target, demonstrating the effectiveness of the breakout and momentum strategy.
The volume surge during the breakout phase supports the strength of the upward move. As the price approached the resistance zone, selling pressure increased, leading to a pullback. The setup successfully reached the anticipated target, demonstrating the effectiveness of the breakout and momentum strategy.
Trade active
The bullish setup in the Bitcoin (BTC/USDT) chart has successfully hit the projected target. After a consolidation phase at the support zone, the price experienced a strong upward breakout, driven by increased buying volume. The price then tested the short-term resistance level, where it encountered selling pressure, resulting in a minor pullback. The move indicates that the breakout analysis was accurate and successfully executed.
I Will Sharing Personal Entries &How Trades.
All Of These For Free & I Will Not Take a Penny From Anyone .
So Please My Friends Trade On Your Own Risk
If You Guys Like My Ideas Then Follow Me And Comments Me .
All Of These For Free & I Will Not Take a Penny From Anyone .
So Please My Friends Trade On Your Own Risk
If You Guys Like My Ideas Then Follow Me And Comments Me .
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.
I Will Sharing Personal Entries &How Trades.
All Of These For Free & I Will Not Take a Penny From Anyone .
So Please My Friends Trade On Your Own Risk
If You Guys Like My Ideas Then Follow Me And Comments Me .
All Of These For Free & I Will Not Take a Penny From Anyone .
So Please My Friends Trade On Your Own Risk
If You Guys Like My Ideas Then Follow Me And Comments Me .
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.