Cadeler A/S (
CDLR) is testing the $22.60 resistance area within an ascending triangle pattern. A breakout above this zone could trigger a continuation move to the upside.
Entry trigger: Breakout and close above $22.60 resistance.
Profit target: Around $28.75 (previous major high), ~23% potential upside.
Stop-loss: Slightly below $22.00, just under resistance.
The structure of higher lows indicates buyers are building pressure against the resistance. A confirmed breakout with volume could provide a strong risk/reward setup.
Trading Plan: Look for a clean breakout above $22.60. Target $28.75 while protecting downside with a stop just under $22.
CDLR) is testing the $22.60 resistance area within an ascending triangle pattern. A breakout above this zone could trigger a continuation move to the upside.Entry trigger: Breakout and close above $22.60 resistance.
Profit target: Around $28.75 (previous major high), ~23% potential upside.
Stop-loss: Slightly below $22.00, just under resistance.
The structure of higher lows indicates buyers are building pressure against the resistance. A confirmed breakout with volume could provide a strong risk/reward setup.
Trading Plan: Look for a clean breakout above $22.60. Target $28.75 while protecting downside with a stop just under $22.
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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.