✅ Analysis of the triangle pattern I drew (on a clock frame):
The pattern shown on the chart is a Symmetrical Triangle, which is often a continuation pattern, but it can also be a reversal pattern, so follow the explanation with me.
✅ Smart entry points
📈 If the triangle is broken upward with a clear candle:
✅ Buy entry after closing above 0.00062862 provided that:
Trading volume is higher than average.
A strong candle (relatively long green).
🎯 Sell targets (Take Profit):
Resistance Price
Target 1 0.00066423
Target 2 0.00074648
Target 3 0.00083830
Target 4 0.00090339
🛡️ Stop loss: return and close below the triangle line = approximately 0.00059.
📉 If the triangle breaks downward:
🔻 Sell entry (Short) if the lower line of the triangle is broken with a strong candle and a clear close (below 0.000585).
🎯 Sell targets:
0.00055000 then 0.00052000 (according to the previous price structure).
🛡️ Stop loss just above the triangle (for example: 0.000605).
🧠 Smart notes:
Do not enter before confirming the breakout with strong trading volume.
The pattern is more effective if it comes after a clear trend (and here the trend is initially bullish).
This type of pattern often provides a retest opportunity, you can enter from there if you missed the first breakout.
Leave your opinion in the comments and let's open a public discussion 🔥
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