๐ Risk-Reward Ratio Calculation ๐ Risk (SL Distance): 10B - 9.73B = 0.27B risk per unit ๐ Reward to TP1: 10.49B - 10B = 0.49B (1:1.81 R/R) ๐ Reward to TP2: 11.15B - 10B = 1.15B (1:4.26 R/R)
๐ Technical Analysis & Strategy ๐ Bullish Falling Wedge Breakout: Price is breaking out from a descending wedge, signaling a potential reversal. ๐ Support Confirmation: Strong support at 9.73B, acting as a demand zone. ๐ Volume Confirmation Needed: Rising buy volume above 10B confirms momentum. ๐ Momentum Shift Expected: Holding above 10B could push price to 10.49B and further to 11.15B.
๐ Key Resistance & Support Levels ๐ข 11.15B โ Final Target / TP2 ๐ด 10.49B โ First Resistance / TP1 ๐ก 10B โ Breakout Level / Long Entry โช 9.73B โ Stop-Loss / Support Level
๐ Trade Execution & Risk Management ๐ Volume Confirmation: Watch for strong bullish volume above 10B before entering. ๐ Trailing Stop Strategy: Move SL to entry (10B) after TP1 (10.49B) is hit.
๐ฐ Partial Profit Booking Strategy: โ Take 50% profits at 10.49B, let the rest run toward 11.15B. โ Adjust Stop-Loss to Break-even (10B) after TP1 is hit.
โ ๏ธ Fake Breakout Risk โ If price drops below 10B after breakout, exit early to limit losses. โ Wait for a strong bullish candle close before entering aggressively.
๐ Final Thoughts โ Bullish Setup โ Falling wedge breakout signals potential upside. โ Momentum Shift Possible โ Watch for volume confirmation. โ Risk-Reward Ratio โ Favorable 1:4.26 R/R to TP2. ๐ก Stick to the plan, manage risk, and trade smart! ๐๐ฅ
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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.