📊
🕰️ 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.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.