Hypothetical Cup and Handle Pattern Breakdown
Let's assume the price formed a rounded bottom, with the lowest point at $0.10.
After reaching a peak of $0.15, the price pulls back to around $0.12, forming the handle.
The breakout level is at $0.15, where the price previously peaked.
Trade Setup
-Enter the trade at the breakout level of $0.15
-Place a stop loss just below the handle's low, around $0.11. This helps to manage risk in case the pattern fails.
- The target price would be $0.20 You may consider taking partial profits at $0.18
After reaching a peak of $0.15, the price pulls back to around $0.12, forming the handle.
The breakout level is at $0.15, where the price previously peaked.
Trade Setup
-Enter the trade at the breakout level of $0.15
-Place a stop loss just below the handle's low, around $0.11. This helps to manage risk in case the pattern fails.
- The target price would be $0.20 You may consider taking partial profits at $0.18
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.