Bullish Flag pattern on NEIROETHUSDT forming on 12h time frame
NEIRO/ETH is currently showing signs of a classic Bullish Flag pattern on the 12-hour timeframe, suggesting the potential for a continuation of the uptrend.
🔹 Pattern: Bullish Flag
🔹 Timeframe: 12H
🔹 Structure: Strong impulse move followed by a tight, downward-sloping consolidation channel
🔹 Breakout Potential: A breakout above the flag resistance could ignite the next bullish leg.
🎯 Trade Setup:
Entry: On confirmed breakout above flag resistance
Stop Loss: Around 0.06200 – below the flag’s support and key local structure
Take Profits: Based on the Fibonacci Extension levels from the previous impulse:
0.382 – First conservative target
0.618 – Mid-term target
1.000 – Full measured move of the flagpole
⚠️ Risk Management:
Always confirm the breakout with volume and candle structure before entering. Keep risk exposure within safe limits and consider scaling out profits at key Fibonacci levels.
🔹 Pattern: Bullish Flag
🔹 Timeframe: 12H
🔹 Structure: Strong impulse move followed by a tight, downward-sloping consolidation channel
🔹 Breakout Potential: A breakout above the flag resistance could ignite the next bullish leg.
🎯 Trade Setup:
Entry: On confirmed breakout above flag resistance
Stop Loss: Around 0.06200 – below the flag’s support and key local structure
Take Profits: Based on the Fibonacci Extension levels from the previous impulse:
0.382 – First conservative target
0.618 – Mid-term target
1.000 – Full measured move of the flagpole
⚠️ Risk Management:
Always confirm the breakout with volume and candle structure before entering. Keep risk exposure within safe limits and consider scaling out profits at key Fibonacci levels.
Trade closed: target reached
Trade closed, -0.618 fib level that acts as a big resistance. 
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.
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.