The price appears to have broken above the EMA line after a period of consolidation. This suggests a potential bullish reversal, especially as the candle has closed above the EMA line.
+DI (green line) has crossed above -DI (red line), which is a bullish crossover, indicating upward momentum. The ADX (blue line) above 25, signaling strengthening trend momentum. Hope it gradually increases and stays above 25.
The stop-loss is set below the recent low, and the target is positioned at a level that aligns with prior resistance and a calculated breakout level
Ensure the breakout is accompanied by higher volume. If volume is low, wait for a retest of the EMA line or a bullish candle above it before entering.
However, keep monitoring for bearish reversal signals near the target and consider trailing the stop-loss to lock in profits as the price moves in your favor.
+DI (green line) has crossed above -DI (red line), which is a bullish crossover, indicating upward momentum. The ADX (blue line) above 25, signaling strengthening trend momentum. Hope it gradually increases and stays above 25.
The stop-loss is set below the recent low, and the target is positioned at a level that aligns with prior resistance and a calculated breakout level
Ensure the breakout is accompanied by higher volume. If volume is low, wait for a retest of the EMA line or a bullish candle above it before entering.
However, keep monitoring for bearish reversal signals near the target and consider trailing the stop-loss to lock in profits as the price moves in your favor.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.