This setup highlights a bullish breakout from an ascending triangle pattern on WIFUSDT. After the breakout, price pulls back and retests the former resistance line (now turned support), providing a clean entry signal with a favorable Risk:Reward ratio. The setup aims to capture further upward movement following the retest confirmation.
Trade Details:
Entry Price: 0.8694 USDT
Take Profit (TP): 0.9096 USDT
Stop Loss (SL): 0.8602 USDT
Risk:Reward Ratio (RRR): 1 : 4.37
Potential Gain: +0.0402 USDT → +4.62%
Potential Loss: -0.0092 USDT → -1.06%
Trade Details:
Entry Price: 0.8694 USDT
Take Profit (TP): 0.9096 USDT
Stop Loss (SL): 0.8602 USDT
Risk:Reward Ratio (RRR): 1 : 4.37
Potential Gain: +0.0402 USDT → +4.62%
Potential Loss: -0.0092 USDT → -1.06%
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.