Technical analysis by NakamotoZzzz about Symbol BTC: Buy recommendation (8/11/2025)

Trade Setup Analysis - Timeframe: Daily (D1) - Position Type: Long (Buy) Entry Point: 118,530.49 Positioned immediately after a breakout from a descending triangle pattern, aiming to catch early bullish momentum. Stop Loss (SL): 116,429.15 Placed below recent swing lows and under the lower trendline of the triangle. A break below this level would invalidate the bullish breakout thesis. Risk exposure is approximately -1.77% from entry. Take Profit (TP): 124,868.05 Target set at a key resistance zone, offering a potential upside of around +5.30% from entry. Risk/Reward Ratio: 2.99 A strong setup with nearly three times the reward compared to the risk, suitable for short-term swing trading. Technical Outlook: BTCUSDT has broken out of a descending triangle formation with a strong bullish candle, indicating possible continuation. The entry at 118,530 positions the trade close to the breakout point, maximizing profit potential if momentum holds. Bullish Scenario: Sustained price action above 118,530 could lead to a rally toward the 124,868 target. Bearish Invalidation: A breakdown below 116,429 would invalidate the bullish setup, potentially resuming the prior downtrend. Summary: This trade captures a breakout confirmation with a well-placed stop below structural support and a target aligned with the next resistance level. Monitoring for follow-through buying pressure is key to validating the trade.+3% (MOVE SL TO BREAKEVEN)+5% Close Early