List of Flash News about BTC symmetrical triangle
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14:06 |
Bitcoin Breakout: $BTC Surges Past Symmetrical Triangle Pattern with Precise Long Setup and Target
According to Trader Tardigrade, Bitcoin ($BTC) has broken out of a symmetrical triangle pattern, signaling a bullish momentum. The recommended trading setup is to go long at $104,117, which aligns with the previous swing top as a key support-turned-resistance level. The target price is set at $105,720, with a stop-loss placed at $103,500 to manage risk. This breakout is considered significant as symmetrical triangle patterns often precede strong directional moves, and this setup provides clear entry and exit points for traders seeking short-term gains in the volatile crypto market. Source: Trader Tardigrade via Twitter (May 18, 2025). |