$BTC USDT - BITCOIN BREAKOUT TO THE MOON! 🚀🌕

Here's a technical analysis of the BTCUSDT chart:

Key Levels:

* Current Price: 107,649.74 (as of the image)

* Immediate Support: The top of the pink shaded box, around 107,600 - 107,630, has now flipped into a crucial support level. This was previously resistance and its successful breakout indicates strong bullish momentum.

* Resistance: The next significant resistance and potential target is at the top of the green shaded box, around 108,804.19.

Market Next Move (Bullish):

The chart shows a decisive breakout above a key resistance level. The price has successfully pushed through and is now consolidating or retesting this newly formed support. This "resistance-turned-support" action is a very strong bullish signal, suggesting that buyers are firmly in control and are likely to push the price further up.

Trade Setup (Long):

* Entry: Consider a long entry around the current price of 107,649.74 - 107,649.75, or on any slight retest of the 107,600 - 107,630 support zone.

* Target (TP): 108,804.19 (top of the green box, targeting the next significant resistance level)

* Stop Loss (SL): Place your stop loss just below the key support level, specifically at 106,969.41, as indicated by the red line. A break below this level would invalidate the bullish structure and could lead to a deeper correction.

Risk Management:

Always adhere to strict risk management principles! 🛡️ Only risk a small, fixed percentage of your trading capital per trade (e.g., 1-2%). Always define your stop loss before entering a trade to protect your capital from unforeseen market movements. A favorable risk-to-reward ratio is paramount for consistent trading success. 💸📈

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