✅ Key Price Levels from Your Chart:
Level Type Price
Entry Price 6.8174
Stop Loss 5.9037
Target 1 7.5031
Target 2 8.8565
🎯 Trade Plan (LONG Bias):
Entry: 6.8174 — current candle closing above previous resistance with ultra-high momentum.
Stop Loss: 5.9037 — safely below the breakout zone and previous consolidation.
Take Profit 1: 7.5031 — first area of anticipated resistance.
Take Profit 2: 8.8565 — potential exhaustion zone (upper range extension).
Risk-to-Reward: Approx 1:2.5+ — high reward potential for continued bullish move.
🔍 Technical Observations:
The coin is up over 450%, indicating massive volume and interest.
No signs of reversal yet — candles are strong, with barely any upper wicks.
Volume indicator is hidden, but price action alone confirms aggressive buyers.
The breakout is very sharp — this may continue to squeeze up as FOMO kicks in.
⚠️ Risk Management Notes:
Due to parabolic move, risk of sharp retracement is high — protect with trailing stop after TP1.
Not suitable for late entries if price pulls back below 6.5 — reassess if so.
Watch for exhaustion candles (long wicks, doji) near 7.5–8.8 levels.
Level Type Price
Entry Price 6.8174
Stop Loss 5.9037
Target 1 7.5031
Target 2 8.8565
🎯 Trade Plan (LONG Bias):
Entry: 6.8174 — current candle closing above previous resistance with ultra-high momentum.
Stop Loss: 5.9037 — safely below the breakout zone and previous consolidation.
Take Profit 1: 7.5031 — first area of anticipated resistance.
Take Profit 2: 8.8565 — potential exhaustion zone (upper range extension).
Risk-to-Reward: Approx 1:2.5+ — high reward potential for continued bullish move.
🔍 Technical Observations:
The coin is up over 450%, indicating massive volume and interest.
No signs of reversal yet — candles are strong, with barely any upper wicks.
Volume indicator is hidden, but price action alone confirms aggressive buyers.
The breakout is very sharp — this may continue to squeeze up as FOMO kicks in.
⚠️ Risk Management Notes:
Due to parabolic move, risk of sharp retracement is high — protect with trailing stop after TP1.
Not suitable for late entries if price pulls back below 6.5 — reassess if so.
Watch for exhaustion candles (long wicks, doji) near 7.5–8.8 levels.
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.