BNB
876.71
-0.47%
$BTC
BTCUSDT — Breakout Rally or Resistance Rejection?
BTCUSDT is trading at 122,430.2 after a breakout above the consolidation zone, but is now approaching a critical resistance area. If the price closes firmly above 123,900, expect fast upward continuation toward 125,000 and possibly an extension to 126,400. However, a rejection or fakeout at this level could trigger a pullback to major supports around 121,000 and 119,200. Risk management with a tight stop-loss is crucial due to sharp volatility.
Trade Plan
Entry: 121,800–123,900 (buy dips near support, or on confirmed breakout above 123,900)
Target 1: 125,000 (partial profit booking at key round number)
Target 2: 126,400 (extension target if strong volume continues)
Stop Loss: 121,000 (exit if strong breakdown below this support zone)
My View
BTCUSDT displays bullish momentum, but the run-up to key resistance could see profit-taking or a sudden reversal—strict stop placement and discipline are vital here . Take partial profits near each target and adjust risk parameters as price action evolves.
Disclaimer: Crypto trading involves significant risk—this is not financial advice. Always conduct personal research and follow robust risk management strategies.
#BTC
{future}(BTCUSDT)
BTCUSDT — Breakout Rally or Resistance Rejection?
BTCUSDT is trading at 122,430.2 after a breakout above the consolidation zone, but is now approaching a critical resistance area. If the price closes firmly above 123,900, expect fast upward continuation toward 125,000 and possibly an extension to 126,400. However, a rejection or fakeout at this level could trigger a pullback to major supports around 121,000 and 119,200. Risk management with a tight stop-loss is crucial due to sharp volatility.
Trade Plan
Entry: 121,800–123,900 (buy dips near support, or on confirmed breakout above 123,900)
Target 1: 125,000 (partial profit booking at key round number)
Target 2: 126,400 (extension target if strong volume continues)
Stop Loss: 121,000 (exit if strong breakdown below this support zone)
My View
BTCUSDT displays bullish momentum, but the run-up to key resistance could see profit-taking or a sudden reversal—strict stop placement and discipline are vital here . Take partial profits near each target and adjust risk parameters as price action evolves.
Disclaimer: Crypto trading involves significant risk—this is not financial advice. Always conduct personal research and follow robust risk management strategies.
#BTC
{future}(BTCUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.