Lingrid | BTCUSDT support Bounce After Flag Pattern Breakout

Jun 9

BTCUSDT recently rebounded from the intersection of the upward channel and horizontal support near 103,705 after a false breakdown from the flag pattern. The price is now challenging the downward trendline from above, hinting at a potential breakout. A sustained move above this zone may open the path toward the 108,800 resistance.

📈 Key Levels

• Buy zone: 103,500–104,000
  
• Buy trigger: breakout and close above 105,600
  
• Target: 108,800
  
• Sell trigger: close below 103,000
  

💡 Risks

• Rejection from the downward trendline could revive bearish pressure
  
• Sideways consolidation under resistance weakens momentum
  
• A break below the channel base may invalidate the bullish setup
  

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Jun 10

Trade closed: target reached

Target DONE. Gonna to do new analysis for you 😘