BTC/USD: Key CHoCH and BOS Levels Indicating Potential Bullish

Nov 24, 2024

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!"

Nov 24, 2024

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!