#sol
Note:
Complete analysis in previous post
For Bearish Entry:
1. Entry Point: Wait for a clear breakdown below the support level of 142.59. Confirmation would be a strong bearish candle closing below this level.
2. Stop-Loss: Place the stop-loss just above the last high of the wedge (around 145.50 or slightly higher to avoid fakeouts).
3. Target: Look for the price to reach the next significant support levels. You can target 135-137 or even lower, depending on the momentum.
For Bullish Entry:
1. Entry Point: Enter a long position if the price breaks above 155.62 with strong bullish momentum and volume.
2. Stop-Loss: Set the stop-loss slightly below the previous low or the support level of 142.59, ensuring it covers some wiggle room (around 145.50).
3. Target: You can aim for the next resistance level at 163.60 or higher if the bullish momentum continues.
In summary:
Bearish entry: Breakdown below 142.59.
Bullish entry: Breakout above 155.62.
#DYOR