hi traders
Let's have a look at BTC on 4h time frame.
RSI (14): Currently at 60.40, suggesting mild bullish momentum but not overbought.
RSI Moving Average: Around 50.92, confirming recent upward momentum.
MACD bullish cross suggest more upside in a short term.
Breakout Confirmation: Price has broken above a recent horizontal resistance (near $109,236), now acting as support.
Bullish Continuation Expected
Support & Resistance:
New Support: $109,236
Resistance to Break: Around $111,742
✅ Conclusion:
This is a bullish breakout trade based on horizontal support/resistance, favorable RSI, and a clear RR setup. The trader anticipates a pullback and continuation toward $111.7K, using a tight stop just below the breakout zone to minimize risk.
Let's have a look at BTC on 4h time frame.
RSI (14): Currently at 60.40, suggesting mild bullish momentum but not overbought.
RSI Moving Average: Around 50.92, confirming recent upward momentum.
MACD bullish cross suggest more upside in a short term.
Breakout Confirmation: Price has broken above a recent horizontal resistance (near $109,236), now acting as support.
Bullish Continuation Expected
Support & Resistance:
New Support: $109,236
Resistance to Break: Around $111,742
✅ Conclusion:
This is a bullish breakout trade based on horizontal support/resistance, favorable RSI, and a clear RR setup. The trader anticipates a pullback and continuation toward $111.7K, using a tight stop just below the breakout zone to minimize risk.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.