🚀💡 BITCOIN ($BTC /USDT) TRADE SETUP! 📈 BULLISH REVERSAL PATTERN DETECTED! 🔍
1H Chart Analysis: 🔍
The chart reveals a bullish reversal pattern, likely an inverse head and shoulders or a bullish triangle breakout. The price has broken out of the triangle formation, indicating a potential continuation of the uptrend! 🚀
Trading Plan: 📊
1. *Entry Long:* Marked at around 83,710 USDT.
2. *Stop Loss:* Placed around 83,256 USDT to manage risk.
3. *Targets:*
- *1st Target:* ~84,500 USDT
- *2nd Target:* ~85,500 USDT
- *3rd Target:* ~86,798 USDT
- *Final Target:* ~87,000 USDT
Indicators & Confirmation: 🔑
1. *Parabolic SAR:* Suggests an upward trend after the breakout.
2. *Volume Analysis:* Visible increase in volume during the breakout supports bullish momentum.
3. *Risk-to-Reward Ratio:* Favorable risk-reward trade, with the green zone (target levels) significantly larger than the red zone (stop loss).
Conclusion: 📈
The setup suggests a bullish outlook with a well-defined entry, stop loss, and take-profit levels. If the price holds above the entry level and breaks resistance, the next targets could be achieved. Stay vigilant! 🔍
