Context:
Bullish pinbar closed above 12,173 (25/04/2025) but needs strong follow-through to confirm a breakout above the All-Time High (ATH) at 12,300.
Entry Trigger:
Buy Signal: Close above 12,300 (ATH) with volume surge (≥ 20-day avg) and bullish momentum (closing near day’s high).
Invalidation: Rejection candles (long upper wicks) or consolidation below 12,300.
Risk Management:
Stop Loss: 11,800 (below critical swing low support).
Target: 13,250
Trailing SL: Move SL to 12,300 once price breaches 12,800.
Exit Rules:
Close below 12,300 post-breakout.
Volume fades during the rally.
Key Notes:
ATH break (12,300) could trigger FOMO buying.
Aggressive SL at 11,800 allows room for volatility.
Disclaimer: High-risk trade. Not financial advice. Capital loss possible. Past performance ≠ future results. Consult a financial advisor.
Bullish pinbar closed above 12,173 (25/04/2025) but needs strong follow-through to confirm a breakout above the All-Time High (ATH) at 12,300.
Entry Trigger:
Buy Signal: Close above 12,300 (ATH) with volume surge (≥ 20-day avg) and bullish momentum (closing near day’s high).
Invalidation: Rejection candles (long upper wicks) or consolidation below 12,300.
Risk Management:
Stop Loss: 11,800 (below critical swing low support).
Target: 13,250
Trailing SL: Move SL to 12,300 once price breaches 12,800.
Exit Rules:
Close below 12,300 post-breakout.
Volume fades during the rally.
Key Notes:
ATH break (12,300) could trigger FOMO buying.
Aggressive SL at 11,800 allows room for volatility.
Disclaimer: High-risk trade. Not financial advice. Capital loss possible. Past performance ≠ future results. Consult a financial advisor.
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.