📝 Trade Breakdown:
🎮 Setup:
RBLX formed a strong ascending base and is now attempting a breakout from a wedge consolidation, right above the yellow support zone. The structure shows bullish continuation if price holds above this pivot.
📍 Entry: ~$93.38 (breakout trigger point)
🎯 Target: $98.29 (upper green resistance zone)
🛡 Stop Loss: ~$91.67 (below wedge & horizontal support)
📊 Risk-Reward: ~1.8–2:1 — solid and technical
🔍 Technical Confidence:
📈 Strong trend from May to June.
🟨 Horizontal & trendline support converge at the breakout point.
🔺 Wedge breakout gives bullish continuation confirmation.
🎯 Caption Idea:
"Roblox breakout watch: Game on above $93. A clean wedge + retest = potential move to $98!"
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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.