BTC/USD: Key CHoCH and BOS Levels Indicating Potential Bullish
Updated
Technical Overview:
This BTC/USD chart highlights significant Change of Character (CHoCH) and Break of Structure (BOS) levels, indicating potential bullish momentum. Price is currently testing a key support zone, offering a possible entry for a long position.
Key Levels:
- Entry Zone: $98,100 - $98,200
(Buy near this support zone after confirmation of bullish momentum.)
- Stop Loss (SL): $98,000
(Below recent BOS for risk management.)
- Take Profit (TP):
Target 1: $98,528
Target 2: $98,731
Analysis:
- Support Zone: Price is consolidating near $98,100 after a bullish CHoCH and BOS, suggesting
buyer interest.
- Bullish Scenario: A bounce from $98,100 could drive the price toward $98,731, with
intermediate resistance at $98,528.
- Risk Management: Set SL below $98,000 to protect against false breakouts.
* Plan your trades with discipline and always manage your risk. Let me know your thoughts on this setup!"
This BTC/USD chart highlights significant Change of Character (CHoCH) and Break of Structure (BOS) levels, indicating potential bullish momentum. Price is currently testing a key support zone, offering a possible entry for a long position.
Key Levels:
- Entry Zone: $98,100 - $98,200
(Buy near this support zone after confirmation of bullish momentum.)
- Stop Loss (SL): $98,000
(Below recent BOS for risk management.)
- Take Profit (TP):
Target 1: $98,528
Target 2: $98,731
Analysis:
- Support Zone: Price is consolidating near $98,100 after a bullish CHoCH and BOS, suggesting
buyer interest.
- Bullish Scenario: A bounce from $98,100 could drive the price toward $98,731, with
intermediate resistance at $98,528.
- Risk Management: Set SL below $98,000 to protect against false breakouts.
* Plan your trades with discipline and always manage your risk. Let me know your thoughts on this setup!"
Trade closed: target reached
"BTC/USD Idea Update: TP Hit Successfully 🎯"
- Result:
The trade idea played out perfectly as the price moved in the expected direction, hitting the Take
Profit (TP) level of $98,528.
- Key Details:
- Entry: $98,100 - $98,100
- Stop Loss (SL): $98,000
- Take Profit (TP): $98,528
* Thank you for following this idea! Stay tuned for more updates and trade setups. Feel free to share your thoughts or questions in the comments!
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