Hi traders! , Analyzing BTC/USD on the 30 minute timeframe, price is currently respecting an upward channel and showing consistent higher highs and higher lows. The recent bounce from dynamic support suggests bullish continuation.
🔹 Entry: 109,545
🔹 Take Profit (TP): 110,612
🔹 Stop Loss (SL): 108,438
Price is trading above both the 50 and 200 EMA, confirming bullish momentum. The RSI remains above the midline, indicating buyers are still in control. This long setup offers a favorable risk-reward ratio within the context of the broader uptrend.
A confirmed breakout from the short-term resistance, combined with trendline support and channel structure, adds confluence to this idea. Watch for potential resistance near the 110,612 zone.
⚠️ DISCLAIMER: This is not financial advice. Every trader is responsible for their own decisions and risk management.
🔹 Entry: 109,545
🔹 Take Profit (TP): 110,612
🔹 Stop Loss (SL): 108,438
Price is trading above both the 50 and 200 EMA, confirming bullish momentum. The RSI remains above the midline, indicating buyers are still in control. This long setup offers a favorable risk-reward ratio within the context of the broader uptrend.
A confirmed breakout from the short-term resistance, combined with trendline support and channel structure, adds confluence to this idea. Watch for potential resistance near the 110,612 zone.
⚠️ DISCLAIMER: This is not financial advice. Every trader is responsible for their own decisions and risk management.
Trade closed: target reached
On Fire 🔥
🔥 Top indicators I personally use 👇
tinyurl.com/3dh9em7m
tinyurl.com/3dh9em7m
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.
🔥 Top indicators I personally use 👇
tinyurl.com/3dh9em7m
tinyurl.com/3dh9em7m
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.