📈
Chart: 30m timeframe – OKX Exchange
🔺 Pattern: Symmetrical Triangle + Downtrend Line Breakout
The price is pressing against confluence resistance – triangle top + descending trendline + yellow horizontal resistance.
📍 Entry Zone: Around $0.7396
Price is attempting a breakout; needs candle close above $0.74 for clean confirmation.
🛑 Stop-Loss (SL): $0.7261
Below triangle support and white horizontal support zone.
🎯 Target Levels (TP):
TP1: $0.7580 (Red resistance – short-term barrier)
TP2: $0.7826 (Green zone – swing high resistance)
⚖️ Risk/Reward Ratio:
Favorable: approx 1:2 to 1:2.5 depending on target.
🧠 Technical Highlights:
Triangle squeeze is near completion; breakout decision imminent.
Horizontal resistance and trendline overlapping (yellow + pink) – watch closely.
Volume bar (2.48) is relatively low – look for volume spike for stronger breakout.
✅ Bias:
Bullish above $0.74
Bearish below $0.726 (breakdown risk)
Chart: 30m timeframe – OKX Exchange
🔺 Pattern: Symmetrical Triangle + Downtrend Line Breakout
The price is pressing against confluence resistance – triangle top + descending trendline + yellow horizontal resistance.
📍 Entry Zone: Around $0.7396
Price is attempting a breakout; needs candle close above $0.74 for clean confirmation.
🛑 Stop-Loss (SL): $0.7261
Below triangle support and white horizontal support zone.
🎯 Target Levels (TP):
TP1: $0.7580 (Red resistance – short-term barrier)
TP2: $0.7826 (Green zone – swing high resistance)
⚖️ Risk/Reward Ratio:
Favorable: approx 1:2 to 1:2.5 depending on target.
🧠 Technical Highlights:
Triangle squeeze is near completion; breakout decision imminent.
Horizontal resistance and trendline overlapping (yellow + pink) – watch closely.
Volume bar (2.48) is relatively low – look for volume spike for stronger breakout.
✅ Bias:
Bullish above $0.74
Bearish below $0.726 (breakdown risk)
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.