Trade Setup Summary – AREN (30-Min Chart)!

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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.

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