BTC Weekly Analysis: Cup and Handle Pattern Alert
🚨 BTC Weekly Analysis: Cup and Handle Pattern Alert 🚨
I've been closely watching Bitcoin's weekly chart, and we're seeing a textbook Cup and Handle pattern forming. This setup is usually a strong bullish continuation signal, and I'm ready to jump in if we break out above the handle.
🔹 Entry Point: Around 66k-67k upon a confirmed breakout. 🔹 Target: Aiming for 130k. 🔹 Leverage: Suggested max 10x leverage. Starting with 30% of the position size, keeping 70% for DCA. 🔹 Stop Loss: Placing it below the handle with a weekly close as confirmation.
This could be a major move, so proper risk management is key! Let’s see how the market unfolds. 💹📈
I've been closely watching Bitcoin's weekly chart, and we're seeing a textbook Cup and Handle pattern forming. This setup is usually a strong bullish continuation signal, and I'm ready to jump in if we break out above the handle.
🔹 Entry Point: Around 66k-67k upon a confirmed breakout. 🔹 Target: Aiming for 130k. 🔹 Leverage: Suggested max 10x leverage. Starting with 30% of the position size, keeping 70% for DCA. 🔹 Stop Loss: Placing it below the handle with a weekly close as confirmation.
This could be a major move, so proper risk management is key! Let’s see how the market unfolds. 💹📈
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