$BTC - Hourly C&H | Enough to break through $65k?

25 thg 9

I’ve spotted a classic Cup and Handle (C&H) pattern on the hourly chart, and it looks like it could be a promising setup for a long position if we are indeed gearing up to challenge 65K again.

Trade Idea:

• Entry Point: Look for a breakout above the handle’s resistance level. This confirms the pattern and signals a potential upward move.
  
• Target: Aim for a 3% gain from the breakout point. This target is based on the typical price movement following a C&H breakout. Doing incremental TPs at the Fibs make sense as well
  
• Risk Management: Place a stop loss just below the handle’s low to manage risk effectively & always ensure your position size aligns with your risk tolerance.
  

Who is bullish?

Nfa dyor yakwtfgo

25 thg 9

Đóng lệnh: dừng lỗ

this sell pressure is relentless-- chances of a flush to the downside increase as we remain unable to break 65-- maybe it's soon?

26 thg 9

Ghi chú

PA is still pushing to 65, so dang close-- but I fear that we may be heading into a bull trap. The amount of open interest (long) that will open above 65 will be massive, and the whales will likely try to harvest.. be careful folks!

27 thg 9

Ghi chú

This would've been a beaut! SL was too tight. Learning.