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Type: Bullish breakout (triangle breakout continuation)
Current Price: $6.92
Entry Trigger Zone: Around $6.92–$7.00 (confirmed breakout above wedge & resistance)
Stop-Loss (SL): $6.47 (below ascending trendline & prior support)
Take Profit (TP) Targets:
TP1: $7.70 (first key resistance – red line)
TP2: $8.60 (strong resistance zone – green line)
🧠 Technical Notes
The price broke out of a wedge with volume starting to pick up.
The yellow horizontal line around $6.92 was a key resistance — now turning support.
Clean ascending trendline supports bullish momentum.
Risk-to-reward ratio is favorable, around 1:2+.
🎯 Trade Bias:
Bullish as long as price stays above $6.47 support.
Type: Bullish breakout (triangle breakout continuation)
Current Price: $6.92
Entry Trigger Zone: Around $6.92–$7.00 (confirmed breakout above wedge & resistance)
Stop-Loss (SL): $6.47 (below ascending trendline & prior support)
Take Profit (TP) Targets:
TP1: $7.70 (first key resistance – red line)
TP2: $8.60 (strong resistance zone – green line)
🧠 Technical Notes
The price broke out of a wedge with volume starting to pick up.
The yellow horizontal line around $6.92 was a key resistance — now turning support.
Clean ascending trendline supports bullish momentum.
Risk-to-reward ratio is favorable, around 1:2+.
🎯 Trade Bias:
Bullish as long as price stays above $6.47 support.
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.