📈
Setup Type: Ascending Triangle Breakout (Bullish Continuation)
✅ Entry Zone:
Around $24.36 (Confirmed breakout above trendline and horizontal resistance)
🔒 Stop-Loss (SL):
Below $23.45 (Under previous support and trendline base)
🎯 Take Profit (TP) Targets:
TP1: $25.46 – Minor resistance level (horizontal red line)
TP2: $27.00 – Major resistance (previous high zone, green line)
📊 Technical Highlights:
Bullish breakout from ascending triangle with a clean trendline and volume increase.
Consolidation near resistance now turned into support.
Breakout candle formed above yellow horizontal line = confirmation zone.
📌 Summary:
This is a long trade with a favorable risk-reward ratio. A stop-loss just below the structure minimizes risk, while upside targets offer a solid potential return. Ideal setup for momentum continuation.
Setup Type: Ascending Triangle Breakout (Bullish Continuation)
✅ Entry Zone:
Around $24.36 (Confirmed breakout above trendline and horizontal resistance)
🔒 Stop-Loss (SL):
Below $23.45 (Under previous support and trendline base)
🎯 Take Profit (TP) Targets:
TP1: $25.46 – Minor resistance level (horizontal red line)
TP2: $27.00 – Major resistance (previous high zone, green line)
📊 Technical Highlights:
Bullish breakout from ascending triangle with a clean trendline and volume increase.
Consolidation near resistance now turned into support.
Breakout candle formed above yellow horizontal line = confirmation zone.
📌 Summary:
This is a long trade with a favorable risk-reward ratio. A stop-loss just below the structure minimizes risk, while upside targets offer a solid potential return. Ideal setup for momentum continuation.
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.