Your technical analysis and trade setup are well-structured and clear. Here's a clean, professional summary of your analysis for broader use or publication (e.g., social media, newsletters, or trading communities):
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BTC$BTC
Bullish Pennant Breakout: Eyeing $115K+
Technical Analysis Highlights:
Pattern:
A bullish pennant formed after a strong upward move beginning May 7. Price action consolidated between converging trendlines from May 10–16, with decreasing volume — typical of pennant formation.
Breakout:
Confirmed on May 17 as price broke above the upper trendline with increased volume and strong bullish candles, signaling momentum continuation.
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Trade Setup:
Entry: ~$104,185 (breakout level)
Stop Loss: ~$104,185 (below pennant base to limit risk)
Target: ~$115,397 (measured move from flagpole height)
Current Price: ~$111,436 (at time of analysis)
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Key Levels to Watch:
Resistance / Target: $115,397
Support / Stop Loss: $104,185
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Why It Matters:
Textbook bullish pennant pattern
Volume confirmation on breakout
Favorable R:R ratio for swing traders
Potential catalyst from broader crypto sentiment and macro news
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#BTCBreaksATH110K #BullishPennant #CryptoTrading #SaylorBTCPurchase #BinanceAlpha #DinnerWithTrump
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