This setup highlights a potential breakout trade on the BTCUSDT perpetual contract, based on clear price action and chart patterns:
• Morning Star Pattern: A strong bullish reversal signal formed at the recent low, suggesting the possibility of an upward move.
• Accumulation/Distribution Zone: Price has consolidated within a well-defined range, indicating accumulation or distribution and foreshadowing a significant move.
Breakout Entry:
• Long Position: Enter on a confirmed breakout above the range, targeting a minimum risk-reward ratio of 1:2. The exit aligns with the upper liquidation levels.
• Short Position: Enter if price breaks down below the range, also with a 1:2 risk-reward ratio. The exit coincides with the lower liquidation levels.
Key Levels:
• Long Trigger: Break above 108,544.4 USDT.
• Short Trigger: Break below 107,233.4 USDT.
Risk Management: Both entries are structured with clear stop-loss and take-profit levels, ensuring disciplined trade management.
This setup is ideal for traders watching for volatility expansion after a period of sideways price action, with well-defined risk and reward parameters.
• Morning Star Pattern: A strong bullish reversal signal formed at the recent low, suggesting the possibility of an upward move.
• Accumulation/Distribution Zone: Price has consolidated within a well-defined range, indicating accumulation or distribution and foreshadowing a significant move.
Breakout Entry:
• Long Position: Enter on a confirmed breakout above the range, targeting a minimum risk-reward ratio of 1:2. The exit aligns with the upper liquidation levels.
• Short Position: Enter if price breaks down below the range, also with a 1:2 risk-reward ratio. The exit coincides with the lower liquidation levels.
Key Levels:
• Long Trigger: Break above 108,544.4 USDT.
• Short Trigger: Break below 107,233.4 USDT.
Risk Management: Both entries are structured with clear stop-loss and take-profit levels, ensuring disciplined trade management.
This setup is ideal for traders watching for volatility expansion after a period of sideways price action, with well-defined risk and reward parameters.
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.