📈
Pattern:
Rising wedge with breakout above resistance near $11.52.
🔍 Trade Details
Entry: ~$11.52 (breakout candle area)
Stop-Loss (SL): ~$11.00 (below wedge base)
Target 1 (TP1): $12.00 (red horizontal resistance)
Target 2 (TP2): $12.46 (green supply zone)
✅ Bias
Bullish above: $11.00
Bearish below: $10.95 (watch for fakeout traps)
🔧 Key Observations
Wedge resistance broken with strong bullish candle
Breakout occurred after tight range — potential for squeeze
Volume modest (~20.3K), may need further confirmation
Trend support line holding consistently since mid-May
Pattern:
Rising wedge with breakout above resistance near $11.52.
🔍 Trade Details
Entry: ~$11.52 (breakout candle area)
Stop-Loss (SL): ~$11.00 (below wedge base)
Target 1 (TP1): $12.00 (red horizontal resistance)
Target 2 (TP2): $12.46 (green supply zone)
✅ Bias
Bullish above: $11.00
Bearish below: $10.95 (watch for fakeout traps)
🔧 Key Observations
Wedge resistance broken with strong bullish candle
Breakout occurred after tight range — potential for squeeze
Volume modest (~20.3K), may need further confirmation
Trend support line holding consistently since mid-May
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.