📈
Timeframe: 30-Minute Chart
Pattern: Symmetrical triangle breakout (bullish continuation)
📌 Trade Plan
📍 Entry Zone: Around $5.68 (Breakout confirmation)
🛑 Stop-Loss (SL): Below $5.59 (recent support + trendline invalidation)
🎯 Take Profit Targets:
TP1: $5.80 – Local resistance
TP2: $5.94 – Measured move target
🔍 Technical Highlights
Breakout from converging triangle structure
Candle closing above yellow breakout zone = bullish
Clean higher lows showing demand
🔻 Risk: $5.68 - $5.59 = $0.09
🔺 Reward to TP2: $5.94 - $5.68 = $0.26 → R:R ≈ 1:2.88
🚨 Execution Strategy
Enter only after confirmed breakout with volume
Place SL just under white trendline
Book partial profits near TP1 and trail rest to TP2
Timeframe: 30-Minute Chart
Pattern: Symmetrical triangle breakout (bullish continuation)
📌 Trade Plan
📍 Entry Zone: Around $5.68 (Breakout confirmation)
🛑 Stop-Loss (SL): Below $5.59 (recent support + trendline invalidation)
🎯 Take Profit Targets:
TP1: $5.80 – Local resistance
TP2: $5.94 – Measured move target
🔍 Technical Highlights
Breakout from converging triangle structure
Candle closing above yellow breakout zone = bullish
Clean higher lows showing demand
🔻 Risk: $5.68 - $5.59 = $0.09
🔺 Reward to TP2: $5.94 - $5.68 = $0.26 → R:R ≈ 1:2.88
🚨 Execution Strategy
Enter only after confirmed breakout with volume
Place SL just under white trendline
Book partial profits near TP1 and trail rest to TP2
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.