📈
Pattern: Falling Wedge Breakout (Bullish Reversal)
Entry Zone: Around $0.7169 (confirmed breakout in progress)
Support Zone: Around $0.6867 (marked in white)
Resistance/Target Levels:
TP1: $0.7706 (minor horizontal resistance)
TP2: $0.8493 (major resistance/previous range top)
Stop-Loss (SL): Below $0.6860 (structure invalidation area)
📊 Technical Highlights
Falling wedge pattern breakout with a bullish candle.
Price is respecting support (highlighted in yellow box).
Bullish divergence likely forming (RSI not shown but implied by price action behavior).
Risk-to-reward ratio is favorable based on the green box projection.
✅ Summary
Direction: Long (Buy)
Entry Confirmation: Breakout + retest of wedge resistance.
Good R:R Setup: Reward zones are clearly mapped with logical SL.
Pattern: Falling Wedge Breakout (Bullish Reversal)
Entry Zone: Around $0.7169 (confirmed breakout in progress)
Support Zone: Around $0.6867 (marked in white)
Resistance/Target Levels:
TP1: $0.7706 (minor horizontal resistance)
TP2: $0.8493 (major resistance/previous range top)
Stop-Loss (SL): Below $0.6860 (structure invalidation area)
📊 Technical Highlights
Falling wedge pattern breakout with a bullish candle.
Price is respecting support (highlighted in yellow box).
Bullish divergence likely forming (RSI not shown but implied by price action behavior).
Risk-to-reward ratio is favorable based on the green box projection.
✅ Summary
Direction: Long (Buy)
Entry Confirmation: Breakout + retest of wedge resistance.
Good R:R Setup: Reward zones are clearly mapped with logical SL.
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.