4H ASCENDING TRIANGLE CONFIRMED



Parameter Value (USD) Reasoning
Entry Zone 73,600 -73,900 (Aggressive) OR $75,200 (Confirmed Breakout) Enter on the bounce off immediate support or after resistance flips to support.
Stop Loss (SL) $71,400 Placed below the critical structural support ($71,670) to allow for wicks while protecting capital if the trend reverses.
Take Profit 1 (TP1) $76,300 Just below the next minor resistance ($76,400). Secure 50% of profits here.
Take Profit 2 (TP2) $78,100 Near the major resistance zone ($78,200). Close remaining position.
Risk/Reward Ratio ~1:2.5 Favorable ratio for futures trading.

Alternative Strategy: Short Position (Counter-Trend)

Only valid if price clearly rejects $75,000 with a bearish engulfing candle.

Entry: 74,800 -74,900 (Rejection zone)

Stop Loss: $75,600 (Above the wick)

Take Profit: 73,500 (First support) /71,700 (Deep support)

$BTC
#WCTCTradingChallengeShare8MUSDT
BTC0,58%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin