CoinQuest
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$BTC 1H Chart Range Game Before a Breakout ๐
Weโre consolidating in a clear parallel channel between 107Kโ109K.
Price just bounced off the 107K support, now targeting the mid-range near 108.4K.
Potential Breakout Scenario:
โ If bulls reclaim 108.4K, momentum could carry price up toward the channel top at 109.6K
โ A decisive break above 109.6K could trigger a fast move toward 110K ๐ฅ
๐งฉ But remember itโs still a range until proven otherwise. Great for scalps and short-term trades, but only trade a true breakout for higher confidence.
Key Levels:
๐ฉ Support: 107K
๐ฅ Resistance: 109.6K
โ ๏ธ Watch for fakeouts manage risk carefully with tight stops inside this channel.
Weโre consolidating in a clear parallel channel between 107Kโ109K.
Price just bounced off the 107K support, now targeting the mid-range near 108.4K.
Potential Breakout Scenario:
โ If bulls reclaim 108.4K, momentum could carry price up toward the channel top at 109.6K
โ A decisive break above 109.6K could trigger a fast move toward 110K ๐ฅ
๐งฉ But remember itโs still a range until proven otherwise. Great for scalps and short-term trades, but only trade a true breakout for higher confidence.
Key Levels:
๐ฉ Support: 107K
๐ฅ Resistance: 109.6K
โ ๏ธ Watch for fakeouts manage risk carefully with tight stops inside this channel.
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