🟢
Trade Type: Long
Ticker: CDTX
Timeframe: 30-Min Chart
Pattern: Breakout from an ascending wedge (bullish continuation)
📈 Entry Point:
Around $25.50
Confirmed breakout from the wedge pattern
🔒 Stop-Loss:
Below $24.25
Just under the wedge support and last consolidation zone
🎯 Take Profit Target:
TP1: $27.24 (first resistance level)
TP2: $29.72 (major resistance zone / target zone)
📊 Risk-Reward Ratio:
Reward: ~$4.22
Risk: ~$1.25
R:R ≈ 3.3:1 (very favorable)
🔎 Technical Highlights:
Strong bullish momentum with high volume
Clean breakout from wedge and resistance zones
22% gain intraday confirms strong buyer interest
Trade Type: Long
Ticker: CDTX
Timeframe: 30-Min Chart
Pattern: Breakout from an ascending wedge (bullish continuation)
📈 Entry Point:
Around $25.50
Confirmed breakout from the wedge pattern
🔒 Stop-Loss:
Below $24.25
Just under the wedge support and last consolidation zone
🎯 Take Profit Target:
TP1: $27.24 (first resistance level)
TP2: $29.72 (major resistance zone / target zone)
📊 Risk-Reward Ratio:
Reward: ~$4.22
Risk: ~$1.25
R:R ≈ 3.3:1 (very favorable)
🔎 Technical Highlights:
Strong bullish momentum with high volume
Clean breakout from wedge and resistance zones
22% gain intraday confirms strong buyer interest
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.