The price breaks through the purple resistance and is preparing to start an upward movement.
A compression triangle formation is taking shape, with the lows resting on the underlying purple trendline.
At $203.3, the weekly 100-period simple moving average (SMA100, green line) is located. A close above this level would be an important confirmation of the bullish reversal.
A compression triangle formation is taking shape, with the lows resting on the underlying purple trendline.
At $203.3, the weekly 100-period simple moving average (SMA100, green line) is located. A close above this level would be an important confirmation of the bullish reversal.
Note
Breakout!!Note
Perfect!Wait for a candle to close above 214$ before adding more
Trade active
Pullback Before Resuming the Uptrend — Bounce at $206 Could Be a Good Entry or Accumulation OpportunityAfter the breakout, a pullback to the neckline is common and often provides the best entry point.
The bounce around $206 could represent a solid opportunity to enter or accumulate.
Always wait for confirmation from candle closes — avoid trying to anticipate the market without clear signals
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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.