✅ Trade Type: Long
🕒 Timeframe: 30-Minute
🎯 Entry Zone:
$31.05 (Breakout candle near trendline resistance)
🔻 Stop-Loss (SL):
$30.11
Placed below recent support and demand zone
🎯 Target Zones:
TP1: $32.07 (Red line – minor resistance zone)
TP2: $33.56 (Green line – previous top / range high)
📊 Risk-Reward Ratio:
Approx. 1:2.5+ – solid upside if breakout holds
🔍 Chart Analysis Notes:
Descending wedge breakout + higher low confirmation
Breakout from compression zone with bullish bias
Price reclaiming yellow resistance zone (now potential support)
Trendline breakout is confirmed with price closing above
📌 Pro Tips:
Watch for strong push above $32.07 for TP2 confirmation.
Trailing SL using ATR 1.26 is smart as trend continues.
Look for volume to rise to validate breakout.
🕒 Timeframe: 30-Minute
🎯 Entry Zone:
$31.05 (Breakout candle near trendline resistance)
🔻 Stop-Loss (SL):
$30.11
Placed below recent support and demand zone
🎯 Target Zones:
TP1: $32.07 (Red line – minor resistance zone)
TP2: $33.56 (Green line – previous top / range high)
📊 Risk-Reward Ratio:
Approx. 1:2.5+ – solid upside if breakout holds
🔍 Chart Analysis Notes:
Descending wedge breakout + higher low confirmation
Breakout from compression zone with bullish bias
Price reclaiming yellow resistance zone (now potential support)
Trendline breakout is confirmed with price closing above
📌 Pro Tips:
Watch for strong push above $32.07 for TP2 confirmation.
Trailing SL using ATR 1.26 is smart as trend continues.
Look for volume to rise to validate breakout.
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.