$SOL 📈
BNB/USDT (4h timeframe), and I see a symmetrical triangle pattern forming. That usually indicates price compression before a breakout, either upward or downward.
Here’s a breakdown:
🔹 Key Levels
Current price: 844.44
Resistance (upper triangle line): ~855–860
Support (lower triangle line): ~830–835
📌 Trade Setup
✅ Long (Bullish Breakout scenario)
Entry: Above 860 (wait for breakout + retest if possible)
Take Profit (TP):
TP1: 880
TP2: 900
TP3: 920 (pattern target)
Stop Loss (SL): Below 835
❌ Short (Bearish Breakdown scenario)
Entry: Below 830 (confirmed breakdown)
Take Profit (TP):
TP1: 810
TP2: 790
TP3: 770
Stop Loss (SL): Above 855
⚠️ Since triangles can break both directions, best is to wait for confirmation candle with strong volume before entering.