📝 Description (General & Professional):
Ticker:
OUSTTimeframe: 30-Min Chart
Trade Type: Long (Breakout Setup)
OUST has been consolidating just below key resistance and has now broken out of a tight ascending wedge. The price action shows strong upward momentum following a series of higher lows and a breakout above confluence resistance around $12.78.
A breakout candle has confirmed strength above this zone. With volume expanding and structure intact, this setup offers a clean risk-to-reward play.
✅ Trade Plan:
Entry: $12.78
Stop-Loss: $13.72 (above recent consolidation high)
Target: $14.65
Risk/Reward: ~1:2+
🔍 Key Technicals:
Rising wedge breakout (bullish)
Clean price compression followed by expansion
Strong structure of higher lows leading into resistance
Target derived from measured move projection and past rejection zone
⚠️ What to Watch:
Watch for retest of $12.78 — could offer a second entry
Volume should confirm breakout continuation
Momentum over $13.72 opens path toward $14.65+
📈 Chart by ProfittoPath
Sharing educational setups, swing trade breakdowns, and price action strategies.
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.