ULTRACEMCO: ATH Breakout! Flying towards new ATH?!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.
