This MNT/USDT 4-hour chart presents a potential breakout trade from a symmetrical triangle pattern:
The trade setup suggests a strong breakout move, but confirmation via volume and candlestick formation is advised before execution.
- Entry: $1.1036, targeting a breakout from the resistance zone.
- Stop-Loss: Placed at $1.0462, below the order block (OB) zone for risk management.
- Take-Profit: Aiming for $1.2089, expecting a bullish breakout continuation.
The trade setup suggests a strong breakout move, but confirmation via volume and candlestick formation is advised before execution.
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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.