Trade Setup Summary – AREN (30-Min Chart)!📈
Current Price: $9.77
Pattern: Bullish breakout from consolidation (wedge/flag structure)
Entry Zone: Around $9.70–$9.80 (breakout level)
Stop-Loss (SL): $8.70 (below breakout base and trendline)
Target Zones:
TP1: $11.32 (intermediate resistance – red line)
TP2: $13.32 (major resistance – green line)
🧠 Technical Insights
Clean breakout from a bull flag with strong momentum.
Volume confirmation with a spike suggests breakout strength.
Yellow resistance flipped into support near $9.70 area.
Risk/Reward Ratio ≈ 1:2.5+, making it a high-conviction trade.
🎯 Bias:
Strongly bullish, as long as price holds above $8.70.
