$TALEX/USDT - BULLISH BREAKOUT ANALYSIS! 🚀
Current Price: $0.076586
Key Levels:$TALE
* Support: The previous consolidation range around $0.016234 served as a strong support base, from which this massive move originated. A new, immediate support level has formed around the $0.057444 area.
* Resistance: The current price is facing minor resistance near the all-time high of $0.083791. A clean break above this level would signal a continuation of the strong bullish momentum.
Trade Setup:
* Long Entry: A long position can be considered on a pullback to the new support at $0.057444 or on a confirmed breakout above the currnt resistance at $0.083791.
* Targets (TP):
* TP1: $0.10 (Psychological level)
* TP2: $0.12 (Fibonacci extension target)
* TP3: $0.15 (Further extension)
* Stop Loss (SL): Place a stop loss below the immediate support, for example, at $0.042581 to protect your capital.
Risk Management:
* Always use a stop loss to limit potential losses.
* Never risk more than 1-2% of your total trading capital on a single trade.
* Scale into positions and take profits incrementally.
