Based on an entry level of $7.79 B, here is the revised long position strategy:
**Key Levels for Long Position:**
1. Entry Point:
Enter a long position at $7.79 B (current price or confirmed breakout above).
2. Stop Loss (SL):
Place your stop loss below the recent support or lower trendline at $7.32 B to manage risk effectively.
3. Take Profit (Targets):
- Target 1 (T1): $8.27 B (immediate resistance level).
- Target 2 (T2): $8.98 B (potential breakout level above resistance).
**Trade Management:
- Monitor the breakout carefully; confirmation occurs if the price closes above $7.79 B with increased volume.
- Once the price hits $8.27 B, adjust your stop loss to breakeven ($7.79 B) to secure the trade.
- If momentum is strong, aim for the second target at $8.98 B, locking in partial profits along the way.
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