📌Ascending Channel
✅ Bullish Strategy (If Price Holds Above $9.60 Support & 50 EMA)
Entry: Near $9.60-$9.71 (Confirmed support hold).
Stop-Loss: Below $9.30 (Invalidation of support).
Target 1: $11.22 (ChoCh Level).
Target 2: $12.34 (Major resistance & key level).
Risk-to-Reward Ratio (R/R): 3:1 or better.
❌ Bearish Strategy (If Price Breaks Below $9.60 EMA & Closes Below $9.30)
Entry: Below $9.30 (Breakdown confirmation).
Stop-Loss: Above $9.71 (Reclaim invalidates short).
Target 1: $8.35 (Previous BoS & strong support).
Target 2: $7.50-$7.80 zone (Potential deeper downside).
R/R Ratio: 2.5:1 or better.
✅ Bullish Strategy (If Price Holds Above $9.60 Support & 50 EMA)
Entry: Near $9.60-$9.71 (Confirmed support hold).
Stop-Loss: Below $9.30 (Invalidation of support).
Target 1: $11.22 (ChoCh Level).
Target 2: $12.34 (Major resistance & key level).
Risk-to-Reward Ratio (R/R): 3:1 or better.
❌ Bearish Strategy (If Price Breaks Below $9.60 EMA & Closes Below $9.30)
Entry: Below $9.30 (Breakdown confirmation).
Stop-Loss: Above $9.71 (Reclaim invalidates short).
Target 1: $8.35 (Previous BoS & strong support).
Target 2: $7.50-$7.80 zone (Potential deeper downside).
R/R Ratio: 2.5:1 or better.
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.