Clean BTC Trade – Bounce from Key Trendline Support

15 de jul.

Hi traders! , Analyzing BTC/USD on the 30-minute timeframe, we can observe that price is respecting the ascending channel and reacting to the dynamic trendline support (blue line). This bounce, aligned with prior structure, signals a potential bullish continuation.

🔹 Entry: 116,249
🔹 Take Profit (TP): 119,434
🔹 Stop Loss (SL): 113,105

Price remains above the 200 EMA while continuing to respect the ascending trendline, signaling sustained bullish structure. The RSI is showing a bullish divergence, which supports the idea of upward momentum. We also saw a strong reaction at the pivot point (115,373), and a bullish engulfing candle formed right near the trendline — adding further confirmation to this potential long setup.

This long setup presents a favorable risk/reward ratio within the context of the broader trend. Targeting a clean break above previous resistance and return to the R1 zone.

⚠️ DISCLAIMER: This is not financial advice. Trade at your own risk and always use proper risk management

16 de jul.

Trade fechado: objetivo atingido

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