#CryptoCharts101
🔥 Nice call on the BTC breakout! That trade hit clean and fast — classic momentum setup.
Let’s break it down technically and strategically for traders who want to understand why this long trade worked and how to play the next move:
🔍 Trade Recap:
Entry Zone: 106,000 – 106,300 ✅
Target: 108,500 🎯 (almost there or hit, depending on exchange)
Stop Loss: 104,800 (well protected)
Breakout Level Crossed: 107,800 (major trigger point)
📊 Bullish Confirmation Factors:
✅ Bounce from 105,318 = higher low confirmed
✅ Back-to-back 30-min green candles = intraday bullish momentum
✅ Rising volume = strong confirmation, not a fakeout
✅ Price holding above 106,800 = key to sustain the trend
🔮 What’s Next?
If BTC closes a strong 1H or 4H candle above 108,200, the next resistance may sit around 109,500–110,000.
A retrace to 106,800–107,200 could offer a re-entry opportunity if support holds and volume stays elevated.
Watch the RSI and OBV — overextension could bring a short-term cool-off, especially with large positions (like the $183M whale) in play.
🧠 Pro Tip:
Trail stops to lock in profit: Consider adjusting your stop-loss to just below 107,000.
Partial take-profit at or near 108,500 ensures you bank gains while staying exposed to further upside.
