VIRTUALUSDT has shown signs of accumulation with a series of higher lows followed by a breakout above the local resistance zone around $1.8398, suggesting the potential start of a bullish leg.
Trade Details:
Position: Long
Entry: $1.8398
Stop Loss: $1.7683
Take Profit: $2.0858
Setup Type: Breakout from Range / Early Trend Continuation
Setup Rationale:
Market broke above consolidation range, triggering a long opportunity
Clear bullish momentum supported by consecutive higher lows
Favorable risk/reward ratio for swing or short-term continuation traders
Target aligns with previous resistance zone above $2.08
This setup anticipates a continuation move to the upside following the breakout, with a well-defined stop below the previous swing low.
Trade Details:
Position: Long
Entry: $1.8398
Stop Loss: $1.7683
Take Profit: $2.0858
Setup Type: Breakout from Range / Early Trend Continuation
Setup Rationale:
Market broke above consolidation range, triggering a long opportunity
Clear bullish momentum supported by consecutive higher lows
Favorable risk/reward ratio for swing or short-term continuation traders
Target aligns with previous resistance zone above $2.08
This setup anticipates a continuation move to the upside following the breakout, with a well-defined stop below the previous swing low.
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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.