Bitcoin is currently testing a key horizontal resistance near the $118,600 zone. After a sharp recovery from recent lows, the price is consolidating just below this level, indicating a potential breakout.
🔍 Chart Insights:
Price action forming higher lows, showing strength.
Breakout above the marked resistance may trigger a strong bullish move.
Tight consolidation near resistance suggests bulls are preparing for a push higher.
📈 Trade Setup:
Entry: Above $118,600 breakout
Target: $119,188 and beyond
Stop-loss: Below $118,200
If price sustains above resistance with volume confirmation, BTC/USD could witness fresh momentum on the upside. Stay alert for the breakout candle.
🔍 Chart Insights:
Price action forming higher lows, showing strength.
Breakout above the marked resistance may trigger a strong bullish move.
Tight consolidation near resistance suggests bulls are preparing for a push higher.
📈 Trade Setup:
Entry: Above $118,600 breakout
Target: $119,188 and beyond
Stop-loss: Below $118,200
If price sustains above resistance with volume confirmation, BTC/USD could witness fresh momentum on the upside. Stay alert for the breakout candle.
Trade closed: stop reached
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Contact below to get access ⬇️
✅Whatsapp: wa.me/919084286797
✅ Telegram: t.me/breakoutinvesting
⭐ Custom Indicator
⭐ BTST Calls
⭐ FNO Trades
⭐ Algo Trading
⭐ US stocks
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.
Get BTST Toolkit:
Contact below to get access ⬇️
✅Whatsapp: wa.me/919084286797
✅ Telegram: t.me/breakoutinvesting
⭐ Custom Indicator
⭐ BTST Calls
⭐ FNO Trades
⭐ Algo Trading
⭐ US stocks
Contact below to get access ⬇️
✅Whatsapp: wa.me/919084286797
✅ Telegram: t.me/breakoutinvesting
⭐ Custom Indicator
⭐ BTST Calls
⭐ FNO Trades
⭐ Algo Trading
⭐ US stocks
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.