Technical analysis by Fx_olivia_queen about Symbol BTC: Buy recommendation (3/13/2025)

1. Pattern & SetupThe chart shows a bullish reversal pattern, likely an inverse head and shoulders or a bullish triangle breakout.The price has broken out of the triangle formation, indicating a potential continuation of the uptrend.2. Trading PlanEntry Long: Marked at around 83,710 USDT.Stop Loss: Placed around 83,256 USDT to manage risk.Targets:1st Target: ~84,500 USDT2nd Target: ~85,500 USDT3rd Target: ~86,798 USDTFinal Target: ~87,000 USDT3. Indicators & ConfirmationThe chart includes a Parabolic SAR (small red & green dots), which suggests an upward trend after the breakout.Volume Analysis: A visible increase in volume during the breakout supports bullish momentum.Risk-to-Reward Ratio: The green zone (target levels) is significantly larger than the red zone (stop loss), indicating a favorable risk-reward trade.4. ConclusionThe setup suggests a bullish outlook with a well-defined entry, stop loss, and take-profit levels.If the price holds above the entry level and breaks resistance, the next targets could be achieved.If BTC drops below the stop loss, the trade would be invalidated, signaling a potential downtrend or retest of lower support.