Looking to take a long position on Bitcoin (BTC/USDT) as it bounces off the ascending trendline 🚀. The trendline has historically shown strong support levels, and it’s currently retesting it for a potential reversal.
Key Points:
Current Price: 112,580 USDT 💰
Support Zone: Trendline support is around 112,000 – 111,800 ⬇️
Target: Higher Highs near 116,322 (EMA 20 resistance level) 📈
Stop Loss: Set just below the trendline at 111,500 🔒
Trade Setup:
Entry: At 112,580 USDT
Stop Loss: 111,500 USDT
Target 1: 114,800 – 115,500 USDT
Target 2: 116,322 USDT (potential breakout)
Reasoning:
Trendline Rebound: BTC is testing a major trendline support.
Short-Term Momentum: Expecting a continuation after this test.
Risk Management: Tight stop below the trendline for safety.
🔔 Stay updated: Follow for more setups and updates! Happy trading!
Key Points:
Current Price: 112,580 USDT 💰
Support Zone: Trendline support is around 112,000 – 111,800 ⬇️
Target: Higher Highs near 116,322 (EMA 20 resistance level) 📈
Stop Loss: Set just below the trendline at 111,500 🔒
Trade Setup:
Entry: At 112,580 USDT
Stop Loss: 111,500 USDT
Target 1: 114,800 – 115,500 USDT
Target 2: 116,322 USDT (potential breakout)
Reasoning:
Trendline Rebound: BTC is testing a major trendline support.
Short-Term Momentum: Expecting a continuation after this test.
Risk Management: Tight stop below the trendline for safety.
🔔 Stay updated: Follow for more setups and updates! Happy trading!
🚀 Ailtra.ai Analyst | Expert in AI Crypto Trading & Analysis | 7+ Yrs in Crypto | Innovator in AI Trading Technologies 📈🎉
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.
🚀 Ailtra.ai Analyst | Expert in AI Crypto Trading & Analysis | 7+ Yrs in Crypto | Innovator in AI Trading Technologies 📈🎉
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.