My Best Analysis 
2024-12-20
Category: None

BTC/USDT (30-Minute Chart) Analysis

The chart indicates a potential Inverse Head and Shoulders pattern, which is typically a bullish reversal signal.

Key Observations:

Pattern Formation: The Left Shoulder, Head, and Right Shoulder are clearly visible, with the price approaching the neckline.

Breakout Potential: A breakout above the neckline could push the price towards the target range of 102,000 - 103,000 (green zone).

Support Zone: Around 98,925 (purple zone).

Resistance Zone: Near 102,634 (green zone).


Trading Plan:

Entry: Wait for a confirmed breakout above the neckline.

Stop Loss: Below the support level (98,925).

Take Profit Levels:

TP1: 100,030

TP2: 102,208

TP3: 102,634



Note:

Maintain proper risk management and monitor market conditions for additional confirmation before entering the trade.

