📈
Setup Type: Ascending Triangle Breakout (Bullish Continuation)
✅ Entry Zone:
Around $12.19 (Breakout confirmation above horizontal resistance with volume)
🔒 Stop-Loss (SL):
Below $11.32 (Below ascending trendline and recent structure support)
🎯 Take Profit (TP) Targets:
TP1: $13.12 – First major resistance (red line)
TP2: $14.36 – Previous swing high (green line / stronger resistance)
📊 Technical Highlights:
Clear ascending triangle with bullish consolidation near breakout.
Volume support and candle strength around breakout zone (yellow line).
Good risk-to-reward structure: tight SL, wider potential upside.
📌 Summary:
This is a long trade setup with bullish momentum. Watch for a sustained move above $12.19 to validate strength. Ideal for traders looking for momentum and breakout confirmation.
Setup Type: Ascending Triangle Breakout (Bullish Continuation)
✅ Entry Zone:
Around $12.19 (Breakout confirmation above horizontal resistance with volume)
🔒 Stop-Loss (SL):
Below $11.32 (Below ascending trendline and recent structure support)
🎯 Take Profit (TP) Targets:
TP1: $13.12 – First major resistance (red line)
TP2: $14.36 – Previous swing high (green line / stronger resistance)
📊 Technical Highlights:
Clear ascending triangle with bullish consolidation near breakout.
Volume support and candle strength around breakout zone (yellow line).
Good risk-to-reward structure: tight SL, wider potential upside.
📌 Summary:
This is a long trade setup with bullish momentum. Watch for a sustained move above $12.19 to validate strength. Ideal for traders looking for momentum and breakout confirmation.
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.