BTCUSD Trade Setup – Long Entry
Action: Entered Long on BTC at 107733 based on breakout expectations from the Expanding Wedge pattern on the 4H chart.
Technical Justification:
Breakout from expanding wedge forming since late May
Holding strong above key support at 100211
Price pushing through upper trendline resistance with bullish momentum
Targets:
Target 1: 110451
Target 2: 112000
Target 3: 114360 to 116736
Stop Loss:
Stop loss set at 106000 to protect against failed breakout
Risk Note: Watching for volume confirmation. If price retests the breakout zone between 107000 and 108000 and holds, I may scale in.
Let’s ride the breakout
