✅ Trade Setup Plan
🟢 Bullish Scenario (Long Entry)
📥 Entry:
Aggressive Entry: Now (~$41) after breakout from the descending trendline
Safer Entry (Confirmation): Break and close above $44 with volume
🎯 Targets:
TP1: $47.90 – $48.50 (recent local high)
TP2: $50.80 – $51.50 (resistance zone)
TP3: $56 (major resistance)
🛑 Stop-Loss:
Below $38.50 or tighter at $39.80 if you entered at $41
Below $36.50 if you're targeting a wider swing trade
🔴 Bearish Scenario (Short Entry)
📥 Entry:
If price fails to hold $39.80 and breaks below $38.50 with volume
🎯 Targets:
TP1: $35 (support region)
TP2: $33.20 – last tested bottom
🛑 Stop-Loss:
Above $41.20 or $42 depending on entry
📊 Indicators to Monitor
RSI: A clean push above 60 = bullish strength; drop below 40 = bearish pressure
MACD: A strong bullish crossover + increasing histogram = momentum confirmation
Volume: Confirm breakouts with increasing volume
🟢 Bullish Scenario (Long Entry)
📥 Entry:
Aggressive Entry: Now (~$41) after breakout from the descending trendline
Safer Entry (Confirmation): Break and close above $44 with volume
🎯 Targets:
TP1: $47.90 – $48.50 (recent local high)
TP2: $50.80 – $51.50 (resistance zone)
TP3: $56 (major resistance)
🛑 Stop-Loss:
Below $38.50 or tighter at $39.80 if you entered at $41
Below $36.50 if you're targeting a wider swing trade
🔴 Bearish Scenario (Short Entry)
📥 Entry:
If price fails to hold $39.80 and breaks below $38.50 with volume
🎯 Targets:
TP1: $35 (support region)
TP2: $33.20 – last tested bottom
🛑 Stop-Loss:
Above $41.20 or $42 depending on entry
📊 Indicators to Monitor
RSI: A clean push above 60 = bullish strength; drop below 40 = bearish pressure
MACD: A strong bullish crossover + increasing histogram = momentum confirmation
Volume: Confirm breakouts with increasing volume
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.