The Setup: Price has broken out of a local consolidation zone (purple box) near the $65,500 support level, signaling that buyers are stepping back in.
Target 1 (First TP): $66,350 – A conservative target based on recent liquidity gaps.
Target 2 (Second TP): $67,660 – Aiming for the median of the previous ascending channel for a massive potential gain.
Risk Management: A tight stop-loss is set just below the recent wick at $64,897 to ensure a healthy Risk-to-Reward ratio.
Target 1 (First TP): $66,350 – A conservative target based on recent liquidity gaps.
Target 2 (Second TP): $67,660 – Aiming for the median of the previous ascending channel for a massive potential gain.
Risk Management: A tight stop-loss is set just below the recent wick at $64,897 to ensure a healthy Risk-to-Reward ratio.
Trade closed: stop reached
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.