📊 Market Sentiment
Overall sentiment remains bullish, supported by expectations of a 0.25% rate cut in the upcoming FOMC meeting. The weakening USD and increased risk appetite across global markets are creating favorable conditions for further upside in crypto assets.
📈 Technical Analysis
Price broke the bearish trendline that had been driving the downtrend since July 18th.
A strong breakout and close above the trendline confirmed the move.
The breakout area also aligns with a significant HTF key level, adding strength to this zone.
📌 Game Plan
Looking for a quick retest of the broken trendline and HTF key level before a rejection.
🎯 Setup Trigger
Confirmation will come from a clear 1H break of structure after the retest.
📋 Trade Management
Stoploss: Below the 1H swing structure that caused the break of structure
Targets: TP1: 3.57 | TP2: 3.66
Will trail stop aggressively to secure profits as the move develops.
💬 Like, follow, and comment if this breakdown supports your trading!
More setups and market insights coming soon — stay connected!
Overall sentiment remains bullish, supported by expectations of a 0.25% rate cut in the upcoming FOMC meeting. The weakening USD and increased risk appetite across global markets are creating favorable conditions for further upside in crypto assets.
📈 Technical Analysis
Price broke the bearish trendline that had been driving the downtrend since July 18th.
A strong breakout and close above the trendline confirmed the move.
The breakout area also aligns with a significant HTF key level, adding strength to this zone.
📌 Game Plan
Looking for a quick retest of the broken trendline and HTF key level before a rejection.
🎯 Setup Trigger
Confirmation will come from a clear 1H break of structure after the retest.
📋 Trade Management
Stoploss: Below the 1H swing structure that caused the break of structure
Targets: TP1: 3.57 | TP2: 3.66
Will trail stop aggressively to secure profits as the move develops.
💬 Like, follow, and comment if this breakdown supports your trading!
More setups and market insights coming soon — stay connected!
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.
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.