Instrument: BTCUSDT
Time Frame: 1H
Exchange: Bitget
Trading Type: Swing Trading
1-Hour Bitcoin Chart Long Setup
Basis for Entry:
- Trendline Break: A clear break above the established trendline suggests bullish momentum.
- Key Level Retest (Breaker Block): A retest of the breaker block as a potential support level reinforces the long setup.
Breaker Block Explanation:
A breaker block, derived from ICT strategy, is a previous order block that was invalidated and later repurposed as a block in the opposite direction.
Risk-to-Reward Ratio:
2.5:1
This setup provides a structured approach to capitalize on bullish continuation while managing risk effectively.