Entry Point: $11.63 (marked breakout level)
Stop Loss (SL): $10.85 (marked in red) 🚫
Target 1 (T1): $12.62 (marked in yellow) 🟡
Target 2 (T2): $13.85 (marked in green) ✅
Reason for Long: Ascending triangle breakout pattern indicating strong bullish momentum. The price broke resistance and held above $11.63 with increased volume, confirming the breakout.
Confirmation: Breakout of a key resistance level at $11.63, with price structure forming higher lows.
Timeframe: 30-minute chart.
Stop Loss (SL): $10.85 (marked in red) 🚫
Target 1 (T1): $12.62 (marked in yellow) 🟡
Target 2 (T2): $13.85 (marked in green) ✅
Reason for Long: Ascending triangle breakout pattern indicating strong bullish momentum. The price broke resistance and held above $11.63 with increased volume, confirming the breakout.
Confirmation: Breakout of a key resistance level at $11.63, with price structure forming higher lows.
Timeframe: 30-minute chart.
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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.