Bitcoin shows a recovering uptrend with recent price action breaking above key resistance at 107,000, aligning with your breakout strategy and reflecting a mix of fear and excitement in your emotional state. I recommend holding the long position with moderate conviction, targeting 110,839 as per your plan, while closely monitoring for potential reversals given your moderate risk tolerance.
Breakout continuation
110,800-111,000 (Fib 161.8% extension)
3:1 (aligned with your plan)
106,534.89 (below recent support and your set SL)
Break below 106,000 with bearish volume confirming reversal
Hold position with trailing stop below key support levels; monitor for overbought conditions near 110,800.
107,611
106,534.89
110,839.33
3:1
Model: Calc618 TA Report|Analysis ID: 4ade6535|Informational only. DYOR.