I think volume has to increase to lead to a proper breakout and I'm not sure because there's a bearish DIV on MFi at 4h but it looks possible because it's a situation veri similar to the former one (still visible in the chart).
The breakout is confirmed if we close a candle over 7.96, set stop loss at 6.86. I don't set a target here because I don't think it would follow TA target statistic.
Also, be aware that since this wedge is kinda horizontal it could also break downwards so the SL is fundamental.
The breakout is confirmed if we close a candle over 7.96, set stop loss at 6.86. I don't set a target here because I don't think it would follow TA target statistic.
Also, be aware that since this wedge is kinda horizontal it could also break downwards so the SL is fundamental.
Trade closed: target reached:
broke out as expected, I didn't have a target but I think it did well. You can close it if you want
Comment:
I clearly was overcautious here, made you secure +25% but it went up much more. next time I'll advice for a stop loss