BTCUSD Coils Beneath Supply — Breakout or Rejection?

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BTCUSD Coils Beneath Supply — Breakout or Rejection? Bitcoin / U.S. dollarBITSTAMP:BTCUSDFrankAgboCoiling under supply 65,040-65,218. 🟢 BTCUSD BUY LIMIT 📍 Entry: 64,780 🛑 Stop Loss: 64,180 🎯 Take Profit: 65,340 📊 Risk:Reward: 1:2.5 Break above 65,340 = bullish. Invalidation below 64,887. Always wait for confirmation and manage your risk accordingly. Setup rationale (drawn on your chart): Supply zone (bearish OB) 65,040–65,218 sits directly overhead — price is currently inside it at ~65,104, coiled beneath the 65,340 resistance (15m HH + 4H LH confluence). The higher-probability play is the pullback long from the bullish FVG 64,699–64,785 into the liquidity pool, targeting the resistance breakout. Stop sits safely below the FVG (64,180), giving an asymmetric 1:2.5 reward. Invalidation: a 15m close below 64,887 (HL) flips the structure bearish toward the EQH liquidity at 64,655. Risk management: keep position size small against the overhead supply — a rejection from 65,218/65,340 without a clean close above 65,340 negates the long thesis. Educational analysis, not financial advice.