📊 BTCUSD Trade Setup – 15m Chart
🔔 Shared by RKZ FX SIGNAL
We're currently monitoring a bullish setup forming inside a descending channel. Price is showing signs of accumulation near the demand zone around 106,640 – 106,700, with a potential bullish break from the falling wedge structure.
🟢 Trade Idea (Potential Buy Setup):
Entry Zone: Around 106,650 – 106,700
Stop Loss: Below 106,326 (below liquidity & demand zone)
Take Profit: Targeting supply zone between 107,980 – 108,250
Risk to Reward Ratio: ~1:3
🧠 Analysis Notes:
Price has tapped into a fresh demand zone and shown a short-term bullish reaction.
Still inside the descending channel, but momentum is building for a breakout.
Confirmation will be stronger once price breaks the midline and retests the top boundary as support.
🔔 Wait for price action confirmation at entry zone before entering. Avoid early entries.
🔔 Shared by RKZ FX SIGNAL
We're currently monitoring a bullish setup forming inside a descending channel. Price is showing signs of accumulation near the demand zone around 106,640 – 106,700, with a potential bullish break from the falling wedge structure.
🟢 Trade Idea (Potential Buy Setup):
Entry Zone: Around 106,650 – 106,700
Stop Loss: Below 106,326 (below liquidity & demand zone)
Take Profit: Targeting supply zone between 107,980 – 108,250
Risk to Reward Ratio: ~1:3
🧠 Analysis Notes:
Price has tapped into a fresh demand zone and shown a short-term bullish reaction.
Still inside the descending channel, but momentum is building for a breakout.
Confirmation will be stronger once price breaks the midline and retests the top boundary as support.
🔔 Wait for price action confirmation at entry zone before entering. Avoid early entries.
Trade with precision and wise
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.
Trade with precision and wise
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.