#CryptoCharts101
๐ฅ Nice call on the BTC breakout! That trade hit clean and fast โ classic momentum setup.
Letโs break it down technically and strategically for traders who want to understand why this long trade worked and how to play the next move:
๐ Trade Recap:
Entry Zone: 106,000 โ 106,300 โ
Target: 108,500 ๐ฏ (almost there or hit, depending on exchange)
Stop Loss: 104,800 (well protected)
Breakout Level Crossed: 107,800 (major trigger point)
๐ Bullish Confirmation Factors:
โ Bounce from 105,318 = higher low confirmed
โ Back-to-back 30-min green candles = intraday bullish momentum
โ Rising volume = strong confirmation, not a fakeout
โ Price holding above 106,800 = key to sustain the trend
๐ฎ Whatโs Next?
If BTC closes a strong 1H or 4H candle above 108,200, the next resistance may sit around 109,500โ110,000.
A retrace to 106,800โ107,200 could offer a re-entry opportunity if support holds and volume stays elevated.
Watch the RSI and OBV โ overextension could bring a short-term cool-off, especially with large positions (like the $183M whale) in play.
๐ง Pro Tip:
Trail stops to lock in profit: Consider adjusting your stop-loss to just below 107,000.
Partial take-profit at or near 108,500 ensures you bank gains while staying exposed to further upside.
