Bitcoin 4-hour bullish side position Analysis

3 hari lalu

This 4-hour chart of BTC/USD is representative of a bullish trading situation. Below is a breakdown of the chart and strategy

Price Action & Chart Pattern

Ascending Channel: Price is in an upward-sloping channel, showing bullish strength.

Several Tests of Resistance: Price has tested a few times the resistance level of 109,000–110,000 USD, showing strength and potential breakout.

Support Zone: Price has just bounced off a major support zone of 107,000–107,300 USD, upholding the bullish setup.

Trade Plan Breakdown
Entry Zone

Entry Price: ~109,000 USD

This is below resistance, looking for the breakout to continue.
Stop Loss

SL Level: 107,343 USD

Take Profit Targets

Target 1: Around 110,800 USD

Slightly above the present resistance.


Target 2: About 112,115 USD

Touches the "re-test again top high zone" and top of last major resistance.

✅ Bullish Confluences

Super trend (green line) confirms the upward bias.

Higher lows established, demonstrating bullish configuration.

Breakout capability from multiple resistance contacts.

Bias: Bullish

Trade Idea: Long on retest/breakout of resistance area

Risk-Reward: Good with stop loss below structure and targets at prior highs


Would you like me to do this in signal form or build alarms for this plan?

3 hari lalu

Dagangan ditutup: sasaran tercapai

congratulation guys our first resistance level based target 1 is achieved successfully running trade 140+pips current position 110400

entry setup from 109000

kelmarin

Nota

and finally re test on top zone hit with 200+pips bullish move