PARKIN-DFM (long setup)PARKIN had Impulsive breakout, confirmed by price piercing the descending Daily trendline (Daily DT)
Double confirmation from the demand zone bounce and RSI bulls waking up. Trendline’s toast. If Wave 5 is truly kicking off, that 6.76 zone’s gonna be the magnet. Let it rip.
Demand Zone :** 6.08–6.15 (held strong multiple times)
Supply Zone:** 6.71–6.79
RSI signaling strong momentum with bullish divergence supports upside continuation
🎯 **Trade Plan**
* **Entry:** 6.26 (confirmation candle post-breakout)
* **Stop Loss:** 6.08 (below demand zone structure)
* **Target 1:** 6.76 (supply zone near prior highs)
**Risk/Reward:**
* **R/R = 3:1**
"It’s not about being right or wrong. It’s about how much you make when you’re right and how much you lose when you’re wrong." – George Soros
### ⚠️ **Disclaimer:**
This analysis is for educational purposes only. Trading involves risk, and past performance is not indicative of future results. Always do your own due diligence.
PARKIN trade ideas
Possible Scenario for Parkin on 30 mn frameThere is a chance that the price will follow the speculated blue path till reach 2.63 area and where it may bounce toward the target. It can be considered a good signal for entry with the target is around 2.73.
The scenario fails once the price closes below the (stop loss) red line 2.58.