Chart Analysis:
🔹 Support Holding Strong:
BTC is respecting a key support area (~$105,600), which previously acted as resistance (marked by recent ATH).
🔹 EMA 70 (Blue Line):
Price is hovering above the EMA, adding bullish confirmation.
🔹 Bullish Projection Path:
The chart shows a projected bullish move toward the sell zone near $113,200 – $113,300, representing a potential 4.4% gain from the breakout.
🔹 Key Zones:
Support Zone: $105,600
Supply Zone: $100,500
Sell Zone (TP Zone): $113,200+
📌 Outlook:
If BTC breaks and holds above the resistance (~$107,000), a strong upward rally could follow.
Entry near support or on breakout, with tight risk management, offers a favorable risk/reward.
✅ Entry Options:
Breakout Entry:
Trigger: Break and close above $107,200
Confirmation: Retest and hold above the breakout zone
Entry: $107,300 – $107,500
Support Bounce Entry:
Trigger: Pullback to support zone (~$105,600) with bullish reversal candle
Entry: $105,600 – $105,800
🎯 Target Zones (TP):
TP1: $110,400 (minor resistance)
TP2: $113,200 – $113,300 (major sell zone)
TP3 (aggressive): $114,000+
🔻 Stop Loss (SL):
For breakout entry: SL below $106,200
For bounce entry: SL below $105,200 or $104,800 (structure break)
📈 Risk–Reward Ratio:
Approx. 1:2.5 to 1:3+ depending on entry and target
🧠 Trade Management:
Move SL to breakeven after hitting TP1
Partial profit booking at TP1
Trail remaining with manual or dynamic SL (e.g., below EMA or recent low)
⚠️ Risk Notes:
Avoid chasing price without breakout confirmation
Watch for fakeouts and heavy selling near TP zones
Adjust position size based on your risk tolerance
🔹 Support Holding Strong:
BTC is respecting a key support area (~$105,600), which previously acted as resistance (marked by recent ATH).
🔹 EMA 70 (Blue Line):
Price is hovering above the EMA, adding bullish confirmation.
🔹 Bullish Projection Path:
The chart shows a projected bullish move toward the sell zone near $113,200 – $113,300, representing a potential 4.4% gain from the breakout.
🔹 Key Zones:
Support Zone: $105,600
Supply Zone: $100,500
Sell Zone (TP Zone): $113,200+
📌 Outlook:
If BTC breaks and holds above the resistance (~$107,000), a strong upward rally could follow.
Entry near support or on breakout, with tight risk management, offers a favorable risk/reward.
✅ Entry Options:
Breakout Entry:
Trigger: Break and close above $107,200
Confirmation: Retest and hold above the breakout zone
Entry: $107,300 – $107,500
Support Bounce Entry:
Trigger: Pullback to support zone (~$105,600) with bullish reversal candle
Entry: $105,600 – $105,800
🎯 Target Zones (TP):
TP1: $110,400 (minor resistance)
TP2: $113,200 – $113,300 (major sell zone)
TP3 (aggressive): $114,000+
🔻 Stop Loss (SL):
For breakout entry: SL below $106,200
For bounce entry: SL below $105,200 or $104,800 (structure break)
📈 Risk–Reward Ratio:
Approx. 1:2.5 to 1:3+ depending on entry and target
🧠 Trade Management:
Move SL to breakeven after hitting TP1
Partial profit booking at TP1
Trail remaining with manual or dynamic SL (e.g., below EMA or recent low)
⚠️ Risk Notes:
Avoid chasing price without breakout confirmation
Watch for fakeouts and heavy selling near TP zones
Adjust position size based on your risk tolerance
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VIP Channels:
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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.
Join My telegram channel Free:
t.me/tamesbulltarder139
💎
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned message in telegram for more information.
t.me/tamesbulltarder139
💎
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned message in telegram for more information.
Related publications
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.