📊
🕰️ Timeframe: 30-minute chart
🔍 Pattern: Falling wedge breakout
📉 Previous Trend: Sharp sell-off
🔁 Setup: Reversal from demand zone with breakout confirmation
🧩 Technical Breakdown:
Support Zone:
Around $57.00 (highlighted with pink & white lines)
Retesting prior breakout + holding demand zone
Resistance / Target Zones:
TP1: $58.92 (orange line – minor resistance)
TP2: $60.69 (green line – major resistance)
Entry:
Ideal near $57.00–$57.50, post-breakout candle (as seen on chart with blue circle)
Stop Loss:
Below recent low: around $56.00 (under pink trendline and horizontal support)
Risk-Reward Ratio:
~1:2+ depending on stop placement and exit at TP2
⚠️ What to Watch:
Volume confirmation on breakout (not shown in image but crucial)
Price retesting wedge breakout and holding above $57.00
Market sentiment and overall sector performance
✅ Summary:
This is a bullish reversal trade off a key support zone with a clean breakout from a falling wedge. Holding above $57 confirms buyers are stepping in. Room to run up to $60.69 if momentum builds.
🕰️ Timeframe: 30-minute chart
🔍 Pattern: Falling wedge breakout
📉 Previous Trend: Sharp sell-off
🔁 Setup: Reversal from demand zone with breakout confirmation
🧩 Technical Breakdown:
Support Zone:
Around $57.00 (highlighted with pink & white lines)
Retesting prior breakout + holding demand zone
Resistance / Target Zones:
TP1: $58.92 (orange line – minor resistance)
TP2: $60.69 (green line – major resistance)
Entry:
Ideal near $57.00–$57.50, post-breakout candle (as seen on chart with blue circle)
Stop Loss:
Below recent low: around $56.00 (under pink trendline and horizontal support)
Risk-Reward Ratio:
~1:2+ depending on stop placement and exit at TP2
⚠️ What to Watch:
Volume confirmation on breakout (not shown in image but crucial)
Price retesting wedge breakout and holding above $57.00
Market sentiment and overall sector performance
✅ Summary:
This is a bullish reversal trade off a key support zone with a clean breakout from a falling wedge. Holding above $57 confirms buyers are stepping in. Room to run up to $60.69 if momentum builds.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.