Title: $CC Double Bottom Bounce đ
$CC /USDT (Perp) â Bullish reversal setup
Entry: 0.1250â0.1256 (61.8%â50% zone)
TP: 0.1273 / 0.1290
SL: 0.1230
â ïž Not financial advice. DYOR.
Notes on the levels (from your chart):
A double bottom formed near the LL (0.123), followed by a sharp move to a fresh HH (0.129), and price is now retracing into the 50%â61.8% Fib zone (0.1250â0.1256).
Entry: 0.1250â0.1256, where the Fib support aligns with the double-bottom neckline retest â a common bounce zone. TP1 (0.1273): the 38.2% Fib / prior consolidation resistance.
TP2 (0.1290): the HH swing high â full move target if momentum returns. SL (0.1230): below the 100% Fib / LL â a close below here invalidates the double-bottom structure.
RSI sitting near 49â50 shows neutral momentum, so wait for a bullish reaction candle in the zone rather than entering on the drift down.
@Binance Square Official #BitcoinClears$85200 #AltcoinSeasonIndexHoldsAbove60For5Days #USADPAdds90000JobsInSeptember #Binance #ChartSniper
$CC /USDT (Perp) â Bullish reversal setup
Entry: 0.1250â0.1256 (61.8%â50% zone)
TP: 0.1273 / 0.1290
SL: 0.1230
â ïž Not financial advice. DYOR.
Notes on the levels (from your chart):
A double bottom formed near the LL (0.123), followed by a sharp move to a fresh HH (0.129), and price is now retracing into the 50%â61.8% Fib zone (0.1250â0.1256).
Entry: 0.1250â0.1256, where the Fib support aligns with the double-bottom neckline retest â a common bounce zone. TP1 (0.1273): the 38.2% Fib / prior consolidation resistance.
TP2 (0.1290): the HH swing high â full move target if momentum returns. SL (0.1230): below the 100% Fib / LL â a close below here invalidates the double-bottom structure.
RSI sitting near 49â50 shows neutral momentum, so wait for a bullish reaction candle in the zone rather than entering on the drift down.
@Binance Square Official #BitcoinClears$85200 #AltcoinSeasonIndexHoldsAbove60For5Days #USADPAdds90000JobsInSeptember #Binance #ChartSniper