Market Structure & Pattern
The chart shows a strong uptrend, followed by a bullish flag pattern, which is a continuation pattern.
The price is consolidating in a tight range, preparing for a breakout.
Buy Entry & Confirmation
Entry: A confirmed breakout above 0.00000800 with strong volume.
Confirmation: A 4H candle closing above this level signals a buy opportunity.
Target Levels
First Target (TP1): 0.00000880
Second Target (TP2): 0.00000895 (Major Resistance)
Stop Loss (SL)
Stop Loss: Below 0.00000780 (to minimize risk in case of rejection).
Risk-to-Reward Ratio (RRR)
A favorable risk-to-reward ratio (around 3:1), making this a high-probability trade.
The chart shows a strong uptrend, followed by a bullish flag pattern, which is a continuation pattern.
The price is consolidating in a tight range, preparing for a breakout.
Buy Entry & Confirmation
Entry: A confirmed breakout above 0.00000800 with strong volume.
Confirmation: A 4H candle closing above this level signals a buy opportunity.
Target Levels
First Target (TP1): 0.00000880
Second Target (TP2): 0.00000895 (Major Resistance)
Stop Loss (SL)
Stop Loss: Below 0.00000780 (to minimize risk in case of rejection).
Risk-to-Reward Ratio (RRR)
A favorable risk-to-reward ratio (around 3:1), making this a high-probability trade.
Trade active
Stops at Breakeven Now, check volume at first resistanceTrade closed: target reached
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.