$BTC

| Bullish Pennant Breakout Alert

Current Price: $110,791 (+3.66%)

BTCUSDT Perp: $110,693 (+3.56%)

🧠 TA Breakdown:

A bullish pennant formed after a strong flagpole rally starting May 7.

From May 10–16, price consolidated within converging trendlines — textbook pennant behavior, marked by declining volume.

✅ Breakout Confirmed (May 17):

• Price broke above the upper trendline

• Strong bullish candles + rising volume = confirmation

• Classic continuation pattern in action

🎯 Trade Setup:

• Entry: ~$104,185 (breakout level)

• Stop Loss: $104,185 (below structure to manage risk)

• Target: $115,397 (flagpole height projection)

📊 Key Levels:

• Support: $104,185

• Resistance/TP: $115,397

• Now: ~$111,436 — halfway to target

🔥 Why It Matters:

This is one of the most reliable continuation setups in TA.

R/R is solid. Momentum is on the bulls’ side.

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