This 15-minute BTC/USDT chart shows a key breakout structure:
Ascending trendline (red) supported price before a breakout.
Horizontal line marks a previous resistance turned support post-breakout.
Vertical red line represents the breakout height.
50% retracement level of the breakout move is highlighted — a critical area for potential price reaction.
Price is currently pulling back after a recent high near $120,400, trading around $119,059, nearing the breakout support zone.
This setup suggests a possible bullish retest scenario if support holds near the 50% level
thanking you
Ascending trendline (red) supported price before a breakout.
Horizontal line marks a previous resistance turned support post-breakout.
Vertical red line represents the breakout height.
50% retracement level of the breakout move is highlighted — a critical area for potential price reaction.
Price is currently pulling back after a recent high near $120,400, trading around $119,059, nearing the breakout support zone.
This setup suggests a possible bullish retest scenario if support holds near the 50% level
thanking you
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.