Price is currently respecting a well-defined ascending channel and approaching a strong confluence support zone.
Key Observations:
Price tapped the lower boundary of the channel 📉
Strong horizontal support zone around 65.2k–66k
Signs of rejection and potential bullish reaction
Trade Plan:
Entry: Around current support zone
Stop Loss: Below 65.2k (structure low)
Target: 71.7k resistance zone / channel mid-high
Bias: Bullish as long as support holds ✅
If price breaks below support → setup invalid ❌
Confluence Factors:
Ascending trendline support
Horizontal demand zone
Market structure holding higher lows
⚠️ Note: This is not financial advice. Always manage your risk.
Key Observations:
Price tapped the lower boundary of the channel 📉
Strong horizontal support zone around 65.2k–66k
Signs of rejection and potential bullish reaction
Trade Plan:
Entry: Around current support zone
Stop Loss: Below 65.2k (structure low)
Target: 71.7k resistance zone / channel mid-high
Bias: Bullish as long as support holds ✅
If price breaks below support → setup invalid ❌
Confluence Factors:
Ascending trendline support
Horizontal demand zone
Market structure holding higher lows
⚠️ Note: This is not financial advice. Always manage your risk.
Trade active
Trade Active......Note
Running in PROFITNote
50 Pips Done Trade closed: target reached
I closed my 80% quantities here at 1:2 RewardNote
Near Full TargetNote
It was a wonderful trade Note
FULL TP Hit
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.