$BTC is moving in a nearing breakout momentum.
BTCUSDT
Löpande
63,974.4
-2.78%
According to the 1-hour chart, the price is in a consolidation phase near the resistance zone, maintaining a strong uptrend. This setup can be followed with proper risk management.
đTrading setup : Entry: $63,200 - $63,500
đŻTP1 : $64,500
đŻTP2 : $65,800
đStop Loss : $62,100
Reason for Trade:
* The chart structure is forming a higher high and higher low pattern, confirming a bullish reversal.
* The price has bounced nicely from the local support at $62,348 with swing low liquidity.
* Consolidation or build-up just below the resistance line basically indicates a major breakout.
The market is volatile, so you have to manage your own risk.