Descending Channel Breakout – Entry at 13.00, Targeting 20.00! 📈
MARA (Marathon Digital Holdings, Inc.) is breaking out of a descending channel on the 1H chart, setting up a fantastic bullish trade opportunity! Let’s dive into the details and get ready to ride this momentum! 🌟
Current Price: 12.66 💰
Pattern Spotted: Descending Channel 📉
Breakout Zone: Above 13.00 (Upper Channel Resistance) ✅
What’s Happening? 🤔
MARA has been trading within a descending channel for a while, but the price has just pushed above the upper channel line at 13.00, signaling a strong bullish breakout! We’ve entered the trade at 13.00, catching the move as the price confirms the breakout with solid momentum. This setup is primed for a big upward run, just like we saw with our BTCUSD trades, grabbing 850 pips and hitting $74,500! 🎯
Bullish Trade Setup: 📝
- Entry: We’re in at 13.00—a perfect entry on the breakout confirmation! 📲
- Target: 20.00—our key level to take profits! 🎯
- Stop Loss: Set at 10.00 to manage risk and protect your capital. 🛡
- Pro Tip: Trail your stop loss as the price climbs to lock in profits as we approach the target! 💡
Risk-to-Reward Breakdown: ⚖
With an entry at 13.00, a target at 20.00, and a stop loss at 10.00, we’re risking 3.00 to gain 7.00. That gives us a 1:2.33 risk-to-reward ratio—a solid setup for this trade! This ratio ensures we’re maximizing potential profits while keeping our risk under control, making this an excellent opportunity to capitalize on the breakout.
The bulls are taking charge on this one! 🐂 Let’s stay focused and turn this setup into another successful trade. Are you in on this MARA rally? Drop a 🚀 in the comments if you’re ready to roll! 💬
MARA (Marathon Digital Holdings, Inc.) is breaking out of a descending channel on the 1H chart, setting up a fantastic bullish trade opportunity! Let’s dive into the details and get ready to ride this momentum! 🌟
Current Price: 12.66 💰
Pattern Spotted: Descending Channel 📉
Breakout Zone: Above 13.00 (Upper Channel Resistance) ✅
What’s Happening? 🤔
MARA has been trading within a descending channel for a while, but the price has just pushed above the upper channel line at 13.00, signaling a strong bullish breakout! We’ve entered the trade at 13.00, catching the move as the price confirms the breakout with solid momentum. This setup is primed for a big upward run, just like we saw with our BTCUSD trades, grabbing 850 pips and hitting $74,500! 🎯
Bullish Trade Setup: 📝
- Entry: We’re in at 13.00—a perfect entry on the breakout confirmation! 📲
- Target: 20.00—our key level to take profits! 🎯
- Stop Loss: Set at 10.00 to manage risk and protect your capital. 🛡
- Pro Tip: Trail your stop loss as the price climbs to lock in profits as we approach the target! 💡
Risk-to-Reward Breakdown: ⚖
With an entry at 13.00, a target at 20.00, and a stop loss at 10.00, we’re risking 3.00 to gain 7.00. That gives us a 1:2.33 risk-to-reward ratio—a solid setup for this trade! This ratio ensures we’re maximizing potential profits while keeping our risk under control, making this an excellent opportunity to capitalize on the breakout.
The bulls are taking charge on this one! 🐂 Let’s stay focused and turn this setup into another successful trade. Are you in on this MARA rally? Drop a 🚀 in the comments if you’re ready to roll! 💬
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Join My Telegram Channel Now
t.me/JosEliteTrader
📢 Get Daily High-Accuracy Signals for Forex, Gold & Crypto
💰 Consistent Profits | Real-Time Alerts | Pro Strategies
t.me/JosEliteTrader
📢 Get Daily High-Accuracy Signals for Forex, Gold & Crypto
💰 Consistent Profits | Real-Time Alerts | Pro Strategies
Related publications
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.