HTF trend is still up and STM has pulled back sharply into a prior breakout/support area, then reclaimed the 74.5-75 shelf with a gap-up 1h trigger. The setup is actionable on a retest/hold of 75.05; losing 73.95 would put price back below the reclaimed shelf and invalidate the bounce. First target is the next 1h supply zone around 78.35.
📍 Entry: 75.05
🛑 Stop: 73.95
🎯 Target: 78.35
⚖️ R:R: 3.00
📍 Entry: 75.05
🛑 Stop: 73.95
🎯 Target: 78.35
⚖️ R:R: 3.00
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monk.trade — Trade setups and market intelligence
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.