📈
Pattern:
Ascending triangle with resistance at ~$7.50–$7.92, breakout candle in play.
🔍 Technical Setup
Entry: Around $7.50 (breakout zone)
Stop-Loss (SL): Just below yellow support trendline (~$7.20)
Target 1 (TP1): $7.92 (red resistance)
Target 2 (TP2): $8.52 (green resistance zone)
✅ Bias
Bullish above: $7.20
Caution below: $7.20 (fake breakout zone)
🔧 Key Highlights
Strong consolidation breakout after steady accumulation
Volume is relatively low, so watch for confirmation candle
Risk-to-reward looks favorable (1:2+)
Pattern:
Ascending triangle with resistance at ~$7.50–$7.92, breakout candle in play.
🔍 Technical Setup
Entry: Around $7.50 (breakout zone)
Stop-Loss (SL): Just below yellow support trendline (~$7.20)
Target 1 (TP1): $7.92 (red resistance)
Target 2 (TP2): $8.52 (green resistance zone)
✅ Bias
Bullish above: $7.20
Caution below: $7.20 (fake breakout zone)
🔧 Key Highlights
Strong consolidation breakout after steady accumulation
Volume is relatively low, so watch for confirmation candle
Risk-to-reward looks favorable (1:2+)
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.