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Current Price: $9.77
Pattern: Bullish breakout from consolidation (wedge/flag structure)
Entry Zone: Around $9.70–$9.80 (breakout level)
Stop-Loss (SL): $8.70 (below breakout base and trendline)
Target Zones:
TP1: $11.32 (intermediate resistance – red line)
TP2: $13.32 (major resistance – green line)
🧠 Technical Insights
Clean breakout from a bull flag with strong momentum.
Volume confirmation with a spike suggests breakout strength.
Yellow resistance flipped into support near $9.70 area.
Risk/Reward Ratio ≈ 1:2.5+, making it a high-conviction trade.
🎯 Bias:
Strongly bullish, as long as price holds above $8.70.
Current Price: $9.77
Pattern: Bullish breakout from consolidation (wedge/flag structure)
Entry Zone: Around $9.70–$9.80 (breakout level)
Stop-Loss (SL): $8.70 (below breakout base and trendline)
Target Zones:
TP1: $11.32 (intermediate resistance – red line)
TP2: $13.32 (major resistance – green line)
🧠 Technical Insights
Clean breakout from a bull flag with strong momentum.
Volume confirmation with a spike suggests breakout strength.
Yellow resistance flipped into support near $9.70 area.
Risk/Reward Ratio ≈ 1:2.5+, making it a high-conviction trade.
🎯 Bias:
Strongly bullish, as long as price holds above $8.70.
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.