### 📍 **Trade Plan:** ✅ **Entry Zone:** **$6.00 - $6.10** (Breakout from descending trendline) 🚀 **Take Profit 1 (TP1):** **$6.39** (Key Resistance) 🚀 **Take Profit 2 (TP2):** **$6.79+** (Extended Target if momentum continues) 🔻 **Stop-Loss (SL):** **$5.77** (Below previous support to manage risk) 📊 **Risk-Reward Ratio:** Favorable for a bullish setup 📉📈
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### 🔹 **Technical Analysis & Setup:** ✅ **Pattern:** **Ascending Trendline + Falling Wedge Breakout → Bullish Continuation** 📉 → 📈 ✅ **Support Zone:** Strong buyer interest around **$6.00 - $6.10 (Yellow Zone)** ✅ **Breakout Confirmation:** Price has broken out of a small descending trendline (white) ✅ **Momentum Shift Expected:** Higher lows forming, indicating bullish pressure
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### 🔥 **Trade Strategy & Refinements:** 📊 **Volume Confirmation:** Look for **increased buying volume** at breakout above $6.10 📈 📉 **Trailing Stop Strategy:** Once price reaches **TP1 ($6.39), adjust SL higher** to lock in profits 💰 **Partial Profit Booking:** Take **partial profits at TP1** and let the rest ride towards **TP2 ($6.79+)** ⚠️ **Watch for Fake Breakouts:** If price drops **below $6.00**, reconsider the setup
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### 🚀 **Final Thoughts:** ✅ **Bullish Momentum – High probability of breakout continuation** 📈 ✅ **Strong Support at $6.00 - $6.10 – Ideal entry zone for risk-reward optimization** 💰 ✅ **Momentum Shift Possible – A push above $6.39 could drive PL to $6.79+** 🚀 📊 **Trade Smart & Stick to Your Plan!** 🏆🔥
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