Title: $CC Double Bottom Bounce 📈
$CC /USDT (Perp) – Bullish reversal setup
Entry: 0.1250–0.1256 (61.8%–50% zone)
TP: 0.1273 / 0.1290
SL: 0.1230
⚠️ Not financial advice. DYOR.
Notes on the levels (from your chart):
A double bottom formed near the LL (0.123), followed by a sharp move to a fresh HH (0.129), and price is now retracing into the 50%–61.8% Fib zone (0.1250–0.1256).
Entry: 0.1250–0.1256, where the Fib support aligns with the double-bottom neckline retest — a common bounce zone. TP1 (0.1273): the 38.2% Fib / prior consolidation resistance.
TP2 (0.1290): the HH swing high — full move target if momentum returns. SL (0.1230): below the 100% Fib / LL — a close below here invalidates the double-bottom structure.
RSI sitting near 49–50 shows neutral momentum, so wait for a bullish reaction candle in the zone rather than entering on the drift down.
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$CC /USDT (Perp) – Bullish reversal setup
Entry: 0.1250–0.1256 (61.8%–50% zone)
TP: 0.1273 / 0.1290
SL: 0.1230
⚠️ Not financial advice. DYOR.
Notes on the levels (from your chart):
A double bottom formed near the LL (0.123), followed by a sharp move to a fresh HH (0.129), and price is now retracing into the 50%–61.8% Fib zone (0.1250–0.1256).
Entry: 0.1250–0.1256, where the Fib support aligns with the double-bottom neckline retest — a common bounce zone. TP1 (0.1273): the 38.2% Fib / prior consolidation resistance.
TP2 (0.1290): the HH swing high — full move target if momentum returns. SL (0.1230): below the 100% Fib / LL — a close below here invalidates the double-bottom structure.
RSI sitting near 49–50 shows neutral momentum, so wait for a bullish reaction candle in the zone rather than entering on the drift down.
@Binance Square Official #BitcoinClears$85200 #AltcoinSeasonIndexHoldsAbove60For5Days #USADPAdds90000JobsInSeptember #Binance #ChartSniper