📈 After a strong consolidation around the $2,445 demand zone, price has broken out of the descending trendline with a bullish impulse candle, signaling potential for a strong move up. Entry was taken at the breakout with SL just below the zone and a juicy RR targeting $2,694.
🧠 Key Insights:
• Clean breakout above short-term descending trendline ✅
• Strong bullish engulfing candle on breakout 🚀
• Support confirmed at demand zone around $2,445 💪
• RR ratio: 🔥 High-reward setup with minimal risk
🎯 Target: $2,694.05
📉 Stop: Below $2,445 zone
💹 Entry: $2,485.32
⚠️ Risk-Reward Ratio: Exceptional