🧱 1. Pattern Identification: "Double or Triple Bottom"
🔍 At the bottom of the chart (March – May 2025), we can spot a double/triple bottom pattern.
This pattern forms when the price hits a low area multiple times without breaking lower. It suggests the price is struggling to fall further and might be ready to move upward.
🔧 It’s considered a bullish reversal pattern, meaning the downtrend could be ending, and a trend change to the upside may be starting.
💵 2. Buy Zone ("Buy price")
✅ Once the price breaks above the blue line (previous resistance), it triggers a "Buy price" signal.
This breakout shows that buyers are gaining control, and it can be a good point to enter the trade.
📈 3. Profit Targets (TP1 and TP2)
The analysis sets two potential take-profit levels:
TP1: +17% – A first target where traders might consider taking partial profits.
TP2: +30% – A second, more ambitious target if the rally continues strong.
These are marked in blue and represent areas where the price might slow down or reverse.
🛑 4. Stop Loss (SL 13%)
🛡️ The Stop Loss (SL) is set at a level with a 13% risk.
This acts as a safety net — if the price drops to this point, the trade is closed to limit losses.
📦 5. High Volume Zone
📊 On the right, there’s a colored bar chart (yellow and blue) called a Volume Profile.
It shows at which price levels the most trading activity happened.
🔸 The area marked as "High volume zone" indicates strong interest and could act as a future resistance level.
✅ Quick Summary
🔍 At the bottom of the chart (March – May 2025), we can spot a double/triple bottom pattern.
This pattern forms when the price hits a low area multiple times without breaking lower. It suggests the price is struggling to fall further and might be ready to move upward.
🔧 It’s considered a bullish reversal pattern, meaning the downtrend could be ending, and a trend change to the upside may be starting.
💵 2. Buy Zone ("Buy price")
✅ Once the price breaks above the blue line (previous resistance), it triggers a "Buy price" signal.
This breakout shows that buyers are gaining control, and it can be a good point to enter the trade.
📈 3. Profit Targets (TP1 and TP2)
The analysis sets two potential take-profit levels:
TP1: +17% – A first target where traders might consider taking partial profits.
TP2: +30% – A second, more ambitious target if the rally continues strong.
These are marked in blue and represent areas where the price might slow down or reverse.
🛑 4. Stop Loss (SL 13%)
🛡️ The Stop Loss (SL) is set at a level with a 13% risk.
This acts as a safety net — if the price drops to this point, the trade is closed to limit losses.
📦 5. High Volume Zone
📊 On the right, there’s a colored bar chart (yellow and blue) called a Volume Profile.
It shows at which price levels the most trading activity happened.
🔸 The area marked as "High volume zone" indicates strong interest and could act as a future resistance level.
✅ Quick Summary
- A triple bottom has formed — a pattern that often leads to a price increase.
- A breakout above resistance triggered a buy signal.
- Two profit targets are set at +17% and +30%.
- A 13% stop loss helps manage risk.
- A high-volume area might act as resistance or a pause point for the price.
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.