$BTC Nearing breakout
BTC is maintaining a strong uptrend by making a nice higher low on the 1-hour timeframe. The price is currently in consolidation mode just below the local resistance zone, indicating a major breakout.
Trading setup : Entry: 64,250 - 64,350
TP1 : 65,400
TP2 : 66,200
Stop Loss : 63,400
Reason for Trade:
* The market is showing clear bullish reversal momentum on the higher timeframe.
* The market is holding above the 1-hour chart structure by continuously grabbing liquidity.
* Volume is stable and price is sustaining very close to local resistance.
* Overall market sentiment is positive, buyers are still quite aggressive.
The market is volatile, so you have to manage your own risk.
#Binance @Binance Academy @Binance Square Official
BTC is maintaining a strong uptrend by making a nice higher low on the 1-hour timeframe. The price is currently in consolidation mode just below the local resistance zone, indicating a major breakout.
Trading setup : Entry: 64,250 - 64,350
TP1 : 65,400
TP2 : 66,200
Stop Loss : 63,400
Reason for Trade:
* The market is showing clear bullish reversal momentum on the higher timeframe.
* The market is holding above the 1-hour chart structure by continuously grabbing liquidity.
* Volume is stable and price is sustaining very close to local resistance.
* Overall market sentiment is positive, buyers are still quite aggressive.
The market is volatile, so you have to manage your own risk.
#Binance @Binance Academy @Binance Square Official