💡 Idea:
Bitcoin is consolidating under a key structure after a sharp bullish move. If price breaks below the curved neckline, it could signal the start of a local downtrend.
🔔 Trade Plan:
Entry: Below $104,902 (after a clear 1H candle close under the curved line)
Stop-Loss (SL): $106,649 (above the recent swing high)
Take-Profit (TP): $100,735 (targeting major support zone)
Risk/Reward: Approximately 1:2.38
🧠 Reasoning:
Price is forming a rounding top structure, indicating potential exhaustion of bullish momentum. A break below the curve could lead to a retracement toward the $100k support level.
📆 Timeframe: 1H
⚠️ Always wait for confirmation and manage your risk.
Bitcoin is consolidating under a key structure after a sharp bullish move. If price breaks below the curved neckline, it could signal the start of a local downtrend.
🔔 Trade Plan:
Entry: Below $104,902 (after a clear 1H candle close under the curved line)
Stop-Loss (SL): $106,649 (above the recent swing high)
Take-Profit (TP): $100,735 (targeting major support zone)
Risk/Reward: Approximately 1:2.38
🧠 Reasoning:
Price is forming a rounding top structure, indicating potential exhaustion of bullish momentum. A break below the curve could lead to a retracement toward the $100k support level.
📆 Timeframe: 1H
⚠️ Always wait for confirmation and manage your risk.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.