Hey Traders!
If youโre finding value in this analysis, smash that ๐ and hit Follow for high-accuracy trade setups that actually deliver!
A classic Cup and Handle formation just broke out with strong bullish confirmation, signaling the potential start of a massive trend reversal on the higher timeframe.
๐ Pattern Breakdown
โ
Cup & Handle pattern forming over 7+ months
๐ Breakout above neckline with volume confirmation
๐ Measured move target points towards $0.0501+
๐ Long Entry:
CMP or on retest near $0.0128โ$0.0138
๐ฏ Targets:
TP1: $0.022
TP2: $0.028
TP3: $0.035
TP4: $0.050
๐ Stop-loss:
Below handle low โ around $0.0113
๐ Risk-to-Reward:
Insane potential here with a 3.5R+ setup even with conservative targets.
๐ข Final Thoughts:
This is a textbook reversal pattern breaking out after long accumulation. If BTC remains stable or bullish, meme momentum could supercharge this move.
DYOR + SL is a must!
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