ALNT Long Trade Setup โ Reversal Breakout Play!!โ
Trade Type: Long
๐ Timeframe: 30-Minute
๐ฏ Entry Zone:
$31.05 (Breakout candle near trendline resistance)
๐ป Stop-Loss (SL):
$30.11
Placed below recent support and demand zone
๐ฏ Target Zones:
TP1: $32.07 (Red line โ minor resistance zone)
TP2: $33.56 (Green line โ previous top / range high)
๐ Risk-Reward Ratio:
Approx. 1:2.5+ โ solid upside if breakout holds
๐ 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
๐ 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.
ALNT trade ideas
Trade Setup Summary โ ALNT/USD (30-Min Chart)!๐
Setup Type: Ascending Triangle Breakout (Bullish Continuation)
โ
Entry Zone:
Around $32.72 โ Confirmed breakout above resistance with clean structure
๐ Stop-Loss (SL):
Below $30.53 โ Under rising trendline and strong horizontal support
๐ฏ Take Profit (TP) Targets:
TP1: $35.44 โ Key resistance zone (red line)
TP2: $39.26 โ Strong historical resistance (green line)
๐ Technical Highlights:
Breakout from a tight ascending triangle pattern
Supportive volume and strong price momentum
Good risk-to-reward ratio โ entry close to support, wide upside potential
๐ Summary:
This is a long trade setup with bullish bias. Clean trendline structure and breakout confirmation make it ideal for continuation. Wait for volume follow-through to support move toward $35โ39.