🚀
✅ Trade Type: Long
🕒 Timeframe: 30-Minute
🎯 Entry Zone:
$16.34 (Current breakout level after consolidation)
🔻 Stop-Loss (SL):
$14.77
Smartly placed below the recent support and ascending triangle base
🎯 Target Zones:
TP1: $18.58 (Red line – intermediate resistance)
TP2: $21.86 (Green line – extended move target / supply zone)
📊 Risk-Reward Ratio:
Strong R:R (≈ 1:2.5 or more)
🔍 Chart Analysis Notes:
Ascending triangle pattern with a tight consolidation near resistance
Strong bullish move prior to consolidation indicates buyer control
Volume is healthy; price respecting trendline
Yellow zone is likely a prior resistance flip or decision level
📌 Pro Tips:
Watch volume spike confirmation on breakout above $16.50-$16.70.
Trailing stop using ATR 1.23 is a smart way to lock in profits.
Take partial profit near $18.58, especially if momentum weakens.
✅ Trade Type: Long
🕒 Timeframe: 30-Minute
🎯 Entry Zone:
$16.34 (Current breakout level after consolidation)
🔻 Stop-Loss (SL):
$14.77
Smartly placed below the recent support and ascending triangle base
🎯 Target Zones:
TP1: $18.58 (Red line – intermediate resistance)
TP2: $21.86 (Green line – extended move target / supply zone)
📊 Risk-Reward Ratio:
Strong R:R (≈ 1:2.5 or more)
🔍 Chart Analysis Notes:
Ascending triangle pattern with a tight consolidation near resistance
Strong bullish move prior to consolidation indicates buyer control
Volume is healthy; price respecting trendline
Yellow zone is likely a prior resistance flip or decision level
📌 Pro Tips:
Watch volume spike confirmation on breakout above $16.50-$16.70.
Trailing stop using ATR 1.23 is a smart way to lock in profits.
Take partial profit near $18.58, especially if momentum weakens.
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.