Looks like a bullish breakout is brewing!
✅ Price has broken out of the descending channel
✅ Retested the global trendline support
✅ Reclaimed the 200-day moving average (MA200)
✅ Momentum indicator surged above the 100 mark
✅ Visible imbalance zone above — potential target area
📌 If price consolidates above $3350, consider a long setup:
🎯 Target 1: $3370
🎯 Target 2: $3375
🧠 Watch for confirmation before entry — structure and momentum alignment is key.
✅ Price has broken out of the descending channel
✅ Retested the global trendline support
✅ Reclaimed the 200-day moving average (MA200)
✅ Momentum indicator surged above the 100 mark
✅ Visible imbalance zone above — potential target area
📌 If price consolidates above $3350, consider a long setup:
🎯 Target 1: $3370
🎯 Target 2: $3375
🧠 Watch for confirmation before entry — structure and momentum alignment is key.
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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.