Tabish Hashmi

$BTC #FUTURES #SIGNAL

Key Observations:
1. IDM Zone (Purple Line):
• Acts as a major demand/support zone.
• Multiple rejections from this zone indicate strong buyer interest.
2. Ascending Triangle Formation (Right side):
• Indicates bullish consolidation.
• Price is squeezing and looks ready for a breakout.
• Resistance is relatively horizontal, support is climbing.

Bias: Bullish Breakout

✅ Entry Point:
• Trigger entry after price breaks and closes above the triangle resistance (~104,420–104,450).
• Aggressive traders can enter slightly before breakout (anticipatory entry).

🛑 Stop-Loss:
• Below triangle support: around 103,700–103,800.
• Conservative option: below IDM zone (~103,000), if you want a wider safety net.

🎯 Target (TP levels):
• TP1: Measured move from triangle height → approximately 105,500.
• TP2: Prior high near 106,500+.
• Trail the stop if breakout is strong.

• Wait for volume spike on breakout.
• Check for confirmation from RSI or MACD if using indicators.
• Avoid fakeouts by confirming breakout candle close above the triangle.#eth $BTC