COIN NAME : $BTC
SIGNAL TYPE : LONG
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1) Bitcoin on the 1-hour timeframe, highlighting a potential long trade setup inside an ascending channel pattern. Here's the detailed explanation.The price is trading inside a well-defined ascending channel marked by two parallel yellow trendlines.The price action shows multiple higher highs and higher lows forming the channel structure.White zigzag lines mark the typical bounce pattern within the channel.The price is currently moving upward from the lower channel boundary towards the upper boundary.This movement suggests a potential continuation of the uptrend within the channel.The chart shows a projection for the price to move towards the upper boundary of the channel, indicating a bullish target zone.RSI is currently around 52, indicating neutral to mild bullish momentum.The chart highlights a demand zone around 30 (oversold) and a supply zone around 70 (overbought).Price is comfortably between these zones, with room to move higher.
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ENTRY PRICE : 102254.5 (or market price)
1st tp: 103809.3
2nd tp: 105164.2
3rd tp: 105897.1
Leverage: 10x