WAVES has successfully broken out of its accumulation zone and closed the weekly candle above the key resistance level, signaling bullish momentum.
Trade Setup:
Entry: On breakout confirmation
Stop Loss (SL): 6.36
Take Profit 1 (TP1): 13.63
Take Profit 2 (TP2): 20
With the breakout and strong weekly close, price action suggests the potential for a 100% upside move in the coming weeks. Risk is well-defined with the SL below structure.
Trade Setup:
Entry: On breakout confirmation
Stop Loss (SL): 6.36
Take Profit 1 (TP1): 13.63
Take Profit 2 (TP2): 20
With the breakout and strong weekly close, price action suggests the potential for a 100% upside move in the coming weeks. Risk is well-defined with the SL below structure.
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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.