๐ต Trendline Breakout ๐
๐ Price broke above a descending trendline, signaling a potential bullish reversal.
๐ผ This breakout is often seen as a buy signal by traders.
๐งฑ Resistance Area ๐
๐น Price has entered and broken through a horizontal resistance zone.
๐ This zone may now flip into support, adding confidence to the long setup.
๐ง Demand Zone ๐ฆ
๐ Marked between 3,267 โ 3,298.
๐ก๏ธ Strong buying interest historically observed in this area.
๐ EMA (70) at 3,298.065 acts as dynamic support.
๐ฆ Entry Point ๐ช
๐ฏ Entry Level: 3,322.930
๐ Enter after retest confirmation or bullish candle above resistance.
๐ด Stop Loss โ
โ ๏ธ SL Level: 3,267.993
๐ฃ Below the demand zone and EMA โ protecting against false breakouts.
๐ฉ Target Point ๐ฏ
๐ TP Level: 3,490.000
๐ Prior high zone โ strong historical resistance expected here.
๐ฐ Trade Setup Summary
โ Buy Above: 3,322.930
โ Stop Loss: 3,267.993
๐ฏ Target: 3,490.000
๐ Risk/Reward Ratio: Favorable (approx. 1:3)
๐ Technical Confidence Levels
๐ต EMA Support โ
๐ต Trendline Breakout โ
๐ต Resistance Flip โ
๐ด False Breakout Risk
๐ Price broke above a descending trendline, signaling a potential bullish reversal.
๐ผ This breakout is often seen as a buy signal by traders.
๐งฑ Resistance Area ๐
๐น Price has entered and broken through a horizontal resistance zone.
๐ This zone may now flip into support, adding confidence to the long setup.
๐ง Demand Zone ๐ฆ
๐ Marked between 3,267 โ 3,298.
๐ก๏ธ Strong buying interest historically observed in this area.
๐ EMA (70) at 3,298.065 acts as dynamic support.
๐ฆ Entry Point ๐ช
๐ฏ Entry Level: 3,322.930
๐ Enter after retest confirmation or bullish candle above resistance.
๐ด Stop Loss โ
โ ๏ธ SL Level: 3,267.993
๐ฃ Below the demand zone and EMA โ protecting against false breakouts.
๐ฉ Target Point ๐ฏ
๐ TP Level: 3,490.000
๐ Prior high zone โ strong historical resistance expected here.
๐ฐ Trade Setup Summary
โ Buy Above: 3,322.930
โ Stop Loss: 3,267.993
๐ฏ Target: 3,490.000
๐ Risk/Reward Ratio: Favorable (approx. 1:3)
๐ Technical Confidence Levels
๐ต EMA Support โ
๐ต Trendline Breakout โ
๐ต Resistance Flip โ
๐ด False Breakout Risk
Note
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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.