📌 Chart Pattern & Price Action Logic
Pattern identified:
🔹 Falling Wedge (Bullish Reversal Pattern)
Why this matters:
Price made lower highs and lower lows, but the range kept contracting.
Selling pressure weakened as price approached the wedge’s apex.
A bullish breakout + retest of the upper trendline is visible.
This pattern statistically favors upside continuation after breakout.
This aligns with classic trend exhaustion + demand stepping in.
🎯 Trade Plan (Long Setup)
✅ Entry Zone
0.0385 – 0.0400 (post breakout & retest area)
🛑 Stop-Loss (Risk Control)
0.0340 – 0.0350
Just below wedge support & recent swing low
If price re-enters the wedge → setup invalidated
Risk ≈ 10–12%
🎯 Targets (Proper Risk–Reward)
Target 1 (Conservative)
0.048 – 0.050
Previous consolidation + minor resistance
R:R ≈ 1 : 1.5
Target 2 (Primary Target)
0.060 – 0.065
Measured move of the falling wedge
Strong psychological & structural resistance
R:R ≈ 1 : 2.5 – 3
Target 3 (Extended / Momentum)
0.075 – 0.080
If volume expansion + market strength continues
R:R ≈ 1 : 4+
📊 Probability of Profit (Realistic Estimate)
Condition
Probability
Clean breakout + retest
~65%
With volume confirmation
~70%
Weak volume / BTC bearish
~45–50%
📌 Overall probability: 60–70%, assuming:
BTC holds structure
No sudden market-wide sell-off
