📌 Market Overview:
The price is currently at 0.02783, forming a range-bound consolidation after an initial bullish move.
A potential breakout setup is visible, with an entry at the current market price (CMP).
The risk-to-reward ratio suggests a bullish trade setup with defined stop-loss and take-profit levels.
📈 Trade Plan: Long Position (BUY Setup)
🎯 Entry: At Current Market Price (CMP) ~0.02783
🎯 Take Profit Targets:
First Target (Resistance Level): 0.03155
🔻 Stop-Loss:
Below 0.02675, as a drop below this level could trigger further downside.
🔴 Bearish Scenario (Trade Invalidation)
If price fails to hold above 0.02700, a breakdown could lead to further downside.
A drop below 0.02675 may invalidate the bullish setup.
The price is currently at 0.02783, forming a range-bound consolidation after an initial bullish move.
A potential breakout setup is visible, with an entry at the current market price (CMP).
The risk-to-reward ratio suggests a bullish trade setup with defined stop-loss and take-profit levels.
📈 Trade Plan: Long Position (BUY Setup)
🎯 Entry: At Current Market Price (CMP) ~0.02783
🎯 Take Profit Targets:
First Target (Resistance Level): 0.03155
🔻 Stop-Loss:
Below 0.02675, as a drop below this level could trigger further downside.
🔴 Bearish Scenario (Trade Invalidation)
If price fails to hold above 0.02700, a breakdown could lead to further downside.
A drop below 0.02675 may invalidate the bullish setup.
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.
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.