Entry Zone: $3,940 โ $3,960
Stop Loss: < $3,900 (tight and logicalโbelow recent resistance turned support)
Take Profits:
TP1: $4,050 (previous local high / psychological level)
TP2: $4,100 (extension level)
TP3: $4,150 (momentum-driven target)
๐ Technical View
Trend: Bullish continuation pattern with higher lows, suggesting buyer dominance.
Volume: Watch for breakout volume above $4,000 to confirm strength.
Indicators to Watch:
RSI above 60 = bullish zone but watch for overbought >70
MACD crossover confirmation supports trend continuation
๐ง Risk/Reward
Risk: ~$60 (if entering near $3,960, SL at $3,900)
Reward to Risk:
TP1: ~1.5:1
TP2: ~2.3:1
TP3: ~3.2:1
Excellent R:R ratio, assuming proper position sizing.
๐ Pro Tip
Set partial exits at each TP to lock in profits while letting a portion ride for max gains. Trail the stop above breakeven after TP1 is hit.
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