Trade Suggestion
Bullish Scenario (Continuation of Uptrend)
Entry: If the price retests the breakout zone (~10.85) and holds above it, consider a long position.
Target: The next resistance level around 11.00 or higher.
Stop Loss: Below the wedge resistance at 10.75 to protect against a false breakout.
Bearish Scenario (False Breakout)
If the price falls back below 10.75, it could signal a failed breakout.
A short trade could be considered with a target at 10.65 or lower.
Bullish Scenario (Continuation of Uptrend)
Entry: If the price retests the breakout zone (~10.85) and holds above it, consider a long position.
Target: The next resistance level around 11.00 or higher.
Stop Loss: Below the wedge resistance at 10.75 to protect against a false breakout.
Bearish Scenario (False Breakout)
If the price falls back below 10.75, it could signal a failed breakout.
A short trade could be considered with a target at 10.65 or lower.
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.