📈 After a strong consolidation around the $2,445 demand zone, price has broken out of the descending trendline with a bullish impulse candle, signaling potential for a strong move up. Entry was taken at the breakout with SL just below the zone and a juicy RR targeting $2,694.
🧠 Key Insights:
• Clean breakout above short-term descending trendline ✅
• Strong bullish engulfing candle on breakout 🚀
• Support confirmed at demand zone around $2,445 💪
• RR ratio: 🔥 High-reward setup with minimal risk
🎯 Target: $2,694.05
📉 Stop: Below $2,445 zone
💹 Entry: $2,485.32
⚠️ Risk-Reward Ratio: Exceptional
🧠 Key Insights:
• Clean breakout above short-term descending trendline ✅
• Strong bullish engulfing candle on breakout 🚀
• Support confirmed at demand zone around $2,445 💪
• RR ratio: 🔥 High-reward setup with minimal risk
🎯 Target: $2,694.05
📉 Stop: Below $2,445 zone
💹 Entry: $2,485.32
⚠️ Risk-Reward Ratio: Exceptional
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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.