- **Entry Point:** $0.8796
- **Stop Loss (SL):** $0.7663
- **Take Profit Targets:**
- **Target 1 (T1):** $1.02
- **Target 2 (T2):** $1.19
The chart highlights a wedge breakout pattern with bullish momentum on the 30-minute timeframe. The price has broken out of the resistance zone (yellow line) with significant volume, indicating a potential continuation towards the take-profit targets.
### **Trading Plan:**
1. **Entry:** Place a buy order at $0.8796 after confirmation of breakout.
2. **Stop Loss:** Below recent support at $0.7663 to minimize risk.
3. **Targets:**
- First target: $1.02.
- Second target: $1.19 for extended gains.
Risk-to-reward is favorable; adjust your position size accordingly.
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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.