Bitcoin has delivered a strong impulsive breakout from a previous consolidation range, indicating bullish strength and fresh demand entering the market.
Price is now retesting a key demand / support zone, which previously acted as resistance. This support-flip-resistance (SBR) structure increases the probability of a trend continuation move to the upside.
Technical Confluence
Higher-timeframe bullish structure intact
Strong impulsive leg → healthy pullback
Retest of prior resistance turned support
Clear risk-to-reward setup
Trade Idea
Bias: Bullish continuation
Entry: After confirmation at demand zone
Stop-loss: Below the demand / structure low
Targets: Next higher resistance / liquidity zone
As long as price holds above the reclaimed support, the bullish scenario remains valid. A clean rejection with strong candles would confirm continuation.
⚠️ This is a technical idea based on price action. Always manage risk.
Price is now retesting a key demand / support zone, which previously acted as resistance. This support-flip-resistance (SBR) structure increases the probability of a trend continuation move to the upside.
Technical Confluence
Higher-timeframe bullish structure intact
Strong impulsive leg → healthy pullback
Retest of prior resistance turned support
Clear risk-to-reward setup
Trade Idea
Bias: Bullish continuation
Entry: After confirmation at demand zone
Stop-loss: Below the demand / structure low
Targets: Next higher resistance / liquidity zone
As long as price holds above the reclaimed support, the bullish scenario remains valid. A clean rejection with strong candles would confirm continuation.
⚠️ This is a technical idea based on price action. Always manage risk.
Trade active
Running in Profit (Near 1:2 Reward) Trail Your SL to Entry PointTrade closed: target reached
I closed 90% of my positions at 1:2 Reward and Remaning at Entry Point
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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.