🟢🚀 Bitcoin/USDT 4H Trade Signal

🔍 Pattern: Ascending Triangle

➖This pattern suggests a potential bullish breakout, with price consolidating near resistance at $63,400.

📍 Entry Point:

➖Enter on confirmed breakout above $60,600 with volume spike. A candle close above this level will act as confirmation for entry.

🔐 Stop-Loss (SL):

➖Place stop-loss below the recent support level at $54,400, which is the blue line below the pattern.

🎯Take Profit (TP):

➖Target 1: $63,400(horizontal resistance)

➖Target 2: $70,000 (next psychological level)

📈 Risk-Reward Ratio (RR):

➖Target 1: RR 2.5:1

➖Target 2: RR 4.2:1

📊 Technical Indicators:

➖RSI: Approaching overbought level at 67,suggesting some momentum but not yet overextended.

➖MACD: Bullish crossover just occurred, indicating momentum building for a breakout.

⚠️ Risk Note: Watch for false breakouts. A failure to hold above $60,600 after breakout could indicate a pullback. Ensure you set proper stop-loss.

Disclaimer: DYOR and NFA

$BTC

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