In this setup, I executed a long position on BTC/USDT at 97835.6 BINANCE:BTCUSDT USDT after identifying a breakout potential within a descending triangle pattern. The price was compressing against the descending resistance, and I anticipated bullish momentum as it approached a critical convergence zone. Key Elements of the Setup: Descending Triangle Breakout: The price was forming lower highs while respecting a strong support area near 97,711 USDT. I positioned my entry slightly above this support after spotting bullish pressure building up near the triangle's apex. Support & Resistance Analysis: The support zones between 96,601.1 USDT and 97,711 USDT provided a solid base for the price, showing multiple rejections of lower levels. Several weak resistance levels ahead were identified, but the strong bullish momentum suggested the price would overcome them, making it favorable for a breakout. Risk Management: My stop loss is strategically placed at 95,854.9 USDT, below the support zone, to protect against a false breakout while minimizing risk exposure. The setup provides a favorable risk-to-reward ratio, giving the trade room to breathe without exposing it to unnecessary losses. Take Profit Strategy: Take Profit 1 at 100,965.9 USDT, just below a major resistance level at 101,735.4 USDT. This ensures profit is secured before encountering strong selling pressure. Take Profit 2 at 102,380.7 USDT, targeting the upper resistance, capitalizing on the full potential of the breakout if momentum remains strong. Conclusion: This trade combines technical pattern recognition (descending triangle breakout), key support and resistance mapping, and disciplined risk management. By entering near a strong support with a clear breakout structure, the goal is to ride the bullish wave and secure profits at predefined resistance levels.
NYSE:VST Late night charting session doing what I do best. 2:55am
FUSIONMARKETS:XPBUSD is currently testing a significant resistance zone. Previously, this area has acted as a strong barrier, leading to bearish reactions. The recent rally into this zone suggests a potential for sellers to step in and drive prices lower. A bearish confirmation, such as a strong rejection pattern, bearish engulfing candles, or long upper wicks, would increase the probability of a pullback. If sellers regain control, the price could move toward the 1,967.000 level. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in. Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments. Best of luck , TrendDiva
? Entry: Sell at 0.9000–0.9025 (Retest of broken structure). ? Stop Loss (SL): Above 0.9050. ? Take Profit 1 (TP1): 0.8970 (Short-term level). ? Take Profit 2 (TP2): 0.8920 (Major demand zone). ? Final TP3: 0.8880 (Liquidity zone). ? Risk-to-Reward (R:R): 1:3+ (Solid trade). ✅ Confirmation Needed: Bearish engulfing (H1/H4) at 0.9000–0.9025.
The current gold price continues its upward trend and breaks through the important resistance range, showing strong bullish momentum. It can be observed from the figure that the price is running in the long-term rising channel, gradually raising the bottom and top, and the channel structure is stable. Recently, the gold price rebounded from around 2744 and rose strongly to 2859, and the price has broken through the upper track of the channel, indicating that bulls have an absolute advantage in the short term. The price continues to run in the green rising channel. Every time it falls back to the lower track of the channel, it rebounds quickly to form a new high. The channel is very effective. The current price runs above the upper track of the channel and does not show obvious signs of correction, indicating that the bulls are still strong. Key support and resistance: Short-term support: focus on 2848-2850 (upper track of the channel). If it falls back and does not break, it will continue to be bullish. Daily level support: 2820 (daily 5-day moving average) and 2800 (psychological barrier) are important support areas. Upward resistance: The short-term target is 2880-2900. If it breaks through further, it is expected to test the 3000 mark. Moving average performance: The short-term moving average (such as 4-hour 5MA) shows an obvious bullish arrangement, indicating that the market sentiment is biased towards buyers; the daily moving average support is far away, providing a pullback opportunity. Trading strategy: Long follow: If the price remains above 2850, you can consider going long with the trend, with the target at 2880-2900. Waiting for a pullback: If the price falls back to 2840-2850 in the European session, it is regarded as a short-term layout of long orders, and the stop loss is set below 2820. Short game: If the price falls back and falls below 2820, the bullish momentum will weaken, and the short-term will be bearish, looking down at 2800. Summary: At present, the gold bulls are obviously strong, but we need to be wary of the risk of a pullback caused by short-term overbought. In terms of operations, you can mainly follow the trend and arrange long orders on dips. At the same time, pay close attention to the performance of the European session and decide on the US session strategy.
Preference: Short positions below 1.43895 with targets at 1.42608 and 1.42073 in extension. As long as 1.43895 is resistance, look for choppy price action with a bearish bias. Alternative: If price stays above 1.43895, look for further upside with 1.44518 and 1.44873 as targets.
**Description**: This trading idea is centered on **BTC (Bitcoin)**, the pioneer and most widely adopted cryptocurrency in the world. As a decentralized digital asset, Bitcoin has established itself as a store of value, often referred to as "digital gold," due to its limited supply and strong network security. Institutional interest in **BTC** continues to grow, with major companies and funds incorporating it into their portfolios as a hedge against inflation and economic uncertainty. With ongoing advancements in adoption, such as payment integrations and increased regulatory clarity, Bitcoin remains a key player in the cryptocurrency space. Despite its promising fundamentals, it’s crucial to remember that Bitcoin is highly volatile and sensitive to macroeconomic conditions, regulatory news, and market sentiment. Therefore, managing risks and staying informed is essential for successful trading and investment in **BTC**. **Disclaimer**: This trading idea is for educational purposes only and should not be considered financial advice. Trading or investing in cryptocurrencies like **BTC** carries significant risks, including the possibility of losing your entire investment. Ensure you conduct thorough research, assess your financial situation, and seek advice from a financial professional before making any decisions. Past performance is not indicative of future results.
? Entry: Sell at 0.8120–0.8150 (Retest of broken structure). ? Stop Loss (SL): Above 0.8180. ? Take Profit 1 (TP1): 0.8100 (Short-term level). ? Take Profit 2 (TP2): 0.8080 (Major demand zone). ? Final TP3: 0.8050 (Liquidity zone). ? Risk-to-Reward (R:R): 1:3+ (Solid trade). ✅ Confirmation Needed: Bearish engulfing (H1/H) at 0.8120–0.8150.
H4 - Bearish divergence Lower lows Most recent uptrend line breakout Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
Bitcoin has risen after its breakout from the trendline owing to a C&H pattern, however after every breakout comes a retest which hasnt been done in btc till now. In my opinion we can see a selling rally till around 105k CAD.