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A decisive breakout above this zone, followed by a successful retest, could pave the way for a new high for BTC.
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However, if BTC fails to sustain a breakout above this zone, we may witness a pullback, with the price dropping yet staying above the previously broken pattern. This will be a crucial test of BTC's bullish strength and resilience in the current market.
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However, if the retest fails, further price movement within the pattern is expected.
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A confirmed breakout from both the pattern and the cloud is essential to signal a potential strong bullish rally.
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This setup suggests a solid foundation for further upward movement, though a successful retest above the breakout level will be crucial to confirm this trend.
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#VANRY has successfully broken out of its descending triangle pattern following a strong rebound of the horizontal demand zone. It now appears poised for a significant upward move. β¨
βοΈ @signal_bitcoinsβοΈ
βοΈ @Shadow_support0oβοΈ
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Losses donβt define a trader
how you react to them does
Accept them, learn from them, and use them to fuel your growth
Resilience is your edge
how you react to them does
Accept them, learn from them, and use them to fuel your growth
Resilience is your edge