Bearish Rising Wedge Pattern Observed on BTC/USD (30m Chart)
A clear rising wedge has formed, and price action has broken down from the pattern, suggesting a potential short opportunity. Entry is around 118,300 with a stop out near 119,500 and a target point around 115,000.0. This setup follows standard risk management principles.
A clear rising wedge has formed, and price action has broken down from the pattern, suggesting a potential short opportunity. Entry is around 118,300 with a stop out near 119,500 and a target point around 115,000.0. This setup follows standard risk management principles.
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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.