📈
🔼 Bias: Bullish
📍 Entry Price: ~$6.12
🛑 Stop-Loss (SL): $6.01 (below trendline + structure)
🎯 Target Price (TP): $6.4889
📏 Risk/Reward: Approx. 1:3+
🔍 Technical Highlights:
Breakout of symmetrical triangle (pink lines)
Price respected ascending support (bottom pink line)
Entry triggered just above trendline confluence
Bullish engulfing candle forming near breakout
Red zone = prior resistance, green zone = target
🧠 Trade Logic:
Price consolidating after heavy move down — higher low formed
Clean breakout from triangle = momentum shift
Logical invalidation below previous swing + trendline
🔼 Bias: Bullish
📍 Entry Price: ~$6.12
🛑 Stop-Loss (SL): $6.01 (below trendline + structure)
🎯 Target Price (TP): $6.4889
📏 Risk/Reward: Approx. 1:3+
🔍 Technical Highlights:
Breakout of symmetrical triangle (pink lines)
Price respected ascending support (bottom pink line)
Entry triggered just above trendline confluence
Bullish engulfing candle forming near breakout
Red zone = prior resistance, green zone = target
🧠 Trade Logic:
Price consolidating after heavy move down — higher low formed
Clean breakout from triangle = momentum shift
Logical invalidation below previous swing + trendline
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.