Watching
BILL for a potential breakout play.
The price is holding just under the cloud with a clean base forming. If we push through the cloud, this could trigger a strong move toward the $62โ63 zone โ aligning with the top of the previous range and pivot zone.
๐ Setup Details:
Entry: $45.03
Stop: $44.04 (tight 2.2%)
Target: $62.97
R/R Ratio: 17.9
Indicators: Ichimoku Cloud + trend compression + inside support zone
Volume remains steady and weโve rejected lower prices multiple times โ a breakout above the cloud could confirm buyer strength.
๐ฏ Trade Thesis:
Low-risk, high-reward breakout setup with tight stop and strong upside if macro sentiment holds. Watching for confirmation above cloud + key volume levels.
The price is holding just under the cloud with a clean base forming. If we push through the cloud, this could trigger a strong move toward the $62โ63 zone โ aligning with the top of the previous range and pivot zone.
๐ Setup Details:
Entry: $45.03
Stop: $44.04 (tight 2.2%)
Target: $62.97
R/R Ratio: 17.9
Indicators: Ichimoku Cloud + trend compression + inside support zone
Volume remains steady and weโve rejected lower prices multiple times โ a breakout above the cloud could confirm buyer strength.
๐ฏ Trade Thesis:
Low-risk, high-reward breakout setup with tight stop and strong upside if macro sentiment holds. Watching for confirmation above cloud + key volume levels.
Trade closed: stop reached
I still believe BILL will go up but for now I see better options. Closing this trade and adding to other trades. If you found my trades helpful, please consider sending a tip in BTC to: bc1qr35mrh82hykpy9v6znpsyuew85x84ezjyrrf6m
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.
If you found my trades helpful, please consider sending a tip in BTC to: bc1qr35mrh82hykpy9v6znpsyuew85x84ezjyrrf6m
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.