🧠 Market Snapshot
Price is currently consolidating in a downward channel after a strong impulse move. RSI shows a hidden bullish divergence, hinting at a possible breakout. A clean breakout above the down channel could initiate the next leg up.
🔹 Entry Zone
$2.36 – $2.39
(Wait for bullish breakout or retest confirmation above $2.398)
🎯 Take Profit Targets
TP1: $2.438
TP2: $2.482
TP3 (Extended): $2.55+ (only if strong momentum follows breakout)
🛡️ Stop-Loss
SL: $2.29
(Below the down-channel support + 200 EMA zone)
⚖️ Risk-to-Reward
R:R ≈ 1:2 to 1:3 depending on entry and TP zone
📌 Reason to Long
Breakout expected from bullish flag/down channel
RSI bullish divergence forming
200 EMA is flat and potentially supportive
Market is in post-breakout consolidation — ideal for continuation setups
📍 Pro Tips
Wait for breakout candle with volume before entering
For safer entries, trade only on candle close above $2.398
Use trailing stop after TP1 to maximize profit
Avoid long entry if price closes below $2.29
