ALNT Long Trade Setup – Reversal Breakout Play!!✅ Trade Type: Long
🕒 Timeframe: 30-Minute
🎯 Entry Zone:
$31.05 (Breakout candle near trendline resistance)
🔻 Stop-Loss (SL):
$30.11
Placed below recent support and demand zone
🎯 Target Zones:
TP1: $32.07 (Red line – minor resistance zone)
TP2: $33.56 (Green line – previous top / range high)
📊 Risk-Reward Ratio:
Approx. 1:2.5+ – solid upside if breakout holds
🔍 Chart Analysis Notes:
Descending wedge breakout + higher low confirmation
Breakout from compression zone with bullish bias
Price reclaiming yellow resistance zone (now potential support)
Trendline breakout is confirmed with price closing above
📌 Pro Tips:
Watch for strong push above $32.07 for TP2 confirmation.
Trailing SL using ATR 1.26 is smart as trend continues.
Look for volume to rise to validate breakout.
