### π **Trade Plan:** β **Entry Zone:** **$6.00 - $6.10** (Breakout from descending trendline) π **Take Profit 1 (TP1):** **$6.39** (Key Resistance) π **Take Profit 2 (TP2):** **$6.79+** (Extended Target if momentum continues) π» **Stop-Loss (SL):** **$5.77** (Below previous support to manage risk) π **Risk-Reward Ratio:** Favorable for a bullish setup ππ
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### πΉ **Technical Analysis & Setup:** β **Pattern:** **Ascending Trendline + Falling Wedge Breakout β Bullish Continuation** π β π β **Support Zone:** Strong buyer interest around **$6.00 - $6.10 (Yellow Zone)** β **Breakout Confirmation:** Price has broken out of a small descending trendline (white) β **Momentum Shift Expected:** Higher lows forming, indicating bullish pressure
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### π₯ **Trade Strategy & Refinements:** π **Volume Confirmation:** Look for **increased buying volume** at breakout above $6.10 π π **Trailing Stop Strategy:** Once price reaches **TP1 ($6.39), adjust SL higher** to lock in profits π° **Partial Profit Booking:** Take **partial profits at TP1** and let the rest ride towards **TP2 ($6.79+)** β οΈ **Watch for Fake Breakouts:** If price drops **below $6.00**, reconsider the setup
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### π **Final Thoughts:** β **Bullish Momentum β High probability of breakout continuation** π β **Strong Support at $6.00 - $6.10 β Ideal entry zone for risk-reward optimization** π° β **Momentum Shift Possible β A push above $6.39 could drive PL to $6.79+** π π **Trade Smart & Stick to Your Plan!** ππ₯
Would you like any refinements or additional details? ππ
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