Trade Setup Summary – CVI/USD (30-Min Chart)!📈
Setup Type: Ascending Triangle Breakout (Bullish Continuation)
✅ Entry Zone:
Around $24.36 (Confirmed breakout above trendline and horizontal resistance)
🔒 Stop-Loss (SL):
Below $23.45 (Under previous support and trendline base)
🎯 Take Profit (TP) Targets:
TP1: $25.46 – Minor resistance level (horizontal red line)
TP2: $27.00 – Major resistance (previous high zone, green line)
📊 Technical Highlights:
Bullish breakout from ascending triangle with a clean trendline and volume increase.
Consolidation near resistance now turned into support.
Breakout candle formed above yellow horizontal line = confirmation zone.
📌 Summary:
This is a long trade with a favorable risk-reward ratio. A stop-loss just below the structure minimizes risk, while upside targets offer a solid potential return. Ideal setup for momentum continuation.
