Cup and Handle pattern clearly formed with rounded bottom and emerging handle.
This is a strong bullish continuation pattern suggesting a potential breakout once the handle completes.
The neckline resistance is approximately at $0.12, and a breakout above this could trigger a strong upward move.
Support & Resistance Zones (S/R)
Current Price: $0.10895
Major Resistance Levels:
$0.12 (neckline)
$0.14
$0.16
$0.19 (pattern target)
Major Support Levels:
$0.10
$0.085
$0.065
Volume Analysis
Volume increased during the formation of the right side of the cup – a bullish signal.
Volume has decreased slightly during handle formation, which is expected.
Indicators
RSI (14): 52.89 – Neutral zone. Not overbought or oversold. Room for upward movement.
Stochastic (14, 3, 1): 27.76 – Close to oversold; potential bullish crossover incoming.
Money Flow Index (MFI): 62 – Healthy inflow of money, not overbought yet.
Wave Momentum/Cipher B: Shows bullish divergences and momentum building from recent lows.
Price Target (Pattern Projection)
Cup depth: ~$0.12 - $0.06 = $0.06
Breakout target: $0.12 + $0.06 = $0.18–0.19 zone
📈 Trading Plan – KASPA/USDT
Strategy: Cup and Handle Breakout
Entry
Aggressive Entry: Buy near current price ($0.108–$0.11) if expecting early breakout.
Conservative Entry: Buy on confirmed breakout above $0.12 with strong volume (daily close).
Stop-Loss
Place SL below handle low, approx. $0.096–$0.098 (depending on risk tolerance).
Alternative: wider SL below $0.085 support if aiming for longer-term hold.
Take Profit Levels
TP1: $0.14
TP2: $0.16
TP3: $0.19 (pattern target)
Use laddered take-profits for partial exits at each level.
Risk Management
Risk per trade: 1–2% of capital
Use position sizing calculator to adjust size based on SL distance
🔄 Re-entry Plan
If breakout fails, monitor $0.085–0.095 zone for support and potential re-entry on double-bottom or bull flag.
⚠️ Bearish Scenario
Breakdown below $0.085 invalidates cup and handle.
Next support at $0.065.
Reassess structure and macro sentiment.
This is a strong bullish continuation pattern suggesting a potential breakout once the handle completes.
The neckline resistance is approximately at $0.12, and a breakout above this could trigger a strong upward move.
Support & Resistance Zones (S/R)
Current Price: $0.10895
Major Resistance Levels:
$0.12 (neckline)
$0.14
$0.16
$0.19 (pattern target)
Major Support Levels:
$0.10
$0.085
$0.065
Volume Analysis
Volume increased during the formation of the right side of the cup – a bullish signal.
Volume has decreased slightly during handle formation, which is expected.
Indicators
RSI (14): 52.89 – Neutral zone. Not overbought or oversold. Room for upward movement.
Stochastic (14, 3, 1): 27.76 – Close to oversold; potential bullish crossover incoming.
Money Flow Index (MFI): 62 – Healthy inflow of money, not overbought yet.
Wave Momentum/Cipher B: Shows bullish divergences and momentum building from recent lows.
Price Target (Pattern Projection)
Cup depth: ~$0.12 - $0.06 = $0.06
Breakout target: $0.12 + $0.06 = $0.18–0.19 zone
📈 Trading Plan – KASPA/USDT
Strategy: Cup and Handle Breakout
Entry
Aggressive Entry: Buy near current price ($0.108–$0.11) if expecting early breakout.
Conservative Entry: Buy on confirmed breakout above $0.12 with strong volume (daily close).
Stop-Loss
Place SL below handle low, approx. $0.096–$0.098 (depending on risk tolerance).
Alternative: wider SL below $0.085 support if aiming for longer-term hold.
Take Profit Levels
TP1: $0.14
TP2: $0.16
TP3: $0.19 (pattern target)
Use laddered take-profits for partial exits at each level.
Risk Management
Risk per trade: 1–2% of capital
Use position sizing calculator to adjust size based on SL distance
🔄 Re-entry Plan
If breakout fails, monitor $0.085–0.095 zone for support and potential re-entry on double-bottom or bull flag.
⚠️ Bearish Scenario
Breakdown below $0.085 invalidates cup and handle.
Next support at $0.065.
Reassess structure and macro sentiment.
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.