📈Chart: 30m timeframe
🔺 Pattern: Breakout from Downtrend Line + Ascending Triangle Support
Current price action suggests a breakout above minor descending resistance while maintaining higher lows – bullish structure.
📍 Entry Zone: Around $2.597
Breakout confirmation near triangle apex and horizontal support (yellow zone).
🛑 Stop-Loss (SL): $2.539
Below trendline support and recent swing low.
🎯 Target Levels (TP):
TP1: $2.671 (Red resistance level)
TP2: $2.776 (Green resistance zone)
TP3 (optional): $3.008–$3.10 (Major liquidity zone)
⚖️ Risk/Reward Ratio:
Excellent R:R – Close to 1:2.5+ depending on exit level.
🧠 Technical Highlights:
Volume shows a little rise post-breakout (check live for confirmation).
Downtrend line now broken.
Price respecting ascending triangle support and yellow zone (prior resistance → support flip).
✅ Bias:
Bullish above $2.59
Bearish below $2.54 (false breakout or breakdown)