📈Current Price: $104,755
🔺 Pattern:
Descending Triangle Breakout + Retest Entry
Breakout from downtrend line followed by bullish retest at trendline confluence.
🛠️ Trade Levels:
Entry: ~$104,257 (marked by bullish candle & confluence zone)
Stop-Loss (SL): $103,706 (below structure & retest zone)
🎯 Targets:
TP1: $105,860 (resistance zone – green line)
TP2: $106,870 (major horizontal resistance)
🧠 Technical Highlights:
Clear descending trendline broken with retest at confluence of support.
Multiple breakout retest confirmations (yellow circles).
Risk/Reward is favorable (~1:2.5).
Strong previous bullish momentum and clean support zones.
📊 Bias:
Bullish above $104,200
Neutral/Bearish if price loses $103,700