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๐ข Explosion $TURTLE - Breaking Resistance and Momentum Expansion (Momentum Breakout)
Currency $TURTLE is going out of control! ๐ We have now witnessed a violent breakout of the upper limit of the sideways range with an impulsive hourly candle (1H) reflecting the entry of massive liquidity. The success in regaining the level of 0.042 and converting it into a Demand Zone is a strong signal that the upward trend has begun a phase of expansion, targeting entirely new peaks. ๐โจ
๐ฏ Trading Plan (Breakout Setup):
* Entry Range: 0.0425 โ 0.0440 ๐ฏ
* Stop Loss: 0.0405 ๐ซ (Protection just below the breakout area)
* Desired Targets (Take Profit):
* First Target: 0.0465 ๐ฐ
* Second Target: 0.0490 โจ
* Final Target: 0.0520 ๐๐
๐ง Why this surge? (Technical Logic):
* Impulse Candle: The breakout was not quiet; it came with a long candle and high trading volume, reducing the likelihood of a false breakout.
* Support Recovery: The level of 0.042 has shifted from a selling barrier to a buying launch pad, enhancing traders' confidence in the continuation of the rise.
* Price Gap: Above the level of 0.045, historical selling pressure decreases, making it easier to reach the final target at 0.0520. ๐ต๏ธโโ๏ธ๐
Discussion Question: ๐ค
Do you think that $TURTLE will continue its rapid crawl towards the target of 0.0520 without stopping, or will we see a quick "retest" of the level of 0.042 to confirm support before taking off? ๐๐ช๏ธ
Trade with power.. for explosive momentum is the fuel for quick profits! ๐ฆ๐
๐ข Explosion $TURTLE - Breaking Resistance and Momentum Expansion (Momentum Breakout)
Currency $TURTLE is going out of control! ๐ We have now witnessed a violent breakout of the upper limit of the sideways range with an impulsive hourly candle (1H) reflecting the entry of massive liquidity. The success in regaining the level of 0.042 and converting it into a Demand Zone is a strong signal that the upward trend has begun a phase of expansion, targeting entirely new peaks. ๐โจ
๐ฏ Trading Plan (Breakout Setup):
* Entry Range: 0.0425 โ 0.0440 ๐ฏ
* Stop Loss: 0.0405 ๐ซ (Protection just below the breakout area)
* Desired Targets (Take Profit):
* First Target: 0.0465 ๐ฐ
* Second Target: 0.0490 โจ
* Final Target: 0.0520 ๐๐
๐ง Why this surge? (Technical Logic):
* Impulse Candle: The breakout was not quiet; it came with a long candle and high trading volume, reducing the likelihood of a false breakout.
* Support Recovery: The level of 0.042 has shifted from a selling barrier to a buying launch pad, enhancing traders' confidence in the continuation of the rise.
* Price Gap: Above the level of 0.045, historical selling pressure decreases, making it easier to reach the final target at 0.0520. ๐ต๏ธโโ๏ธ๐
Discussion Question: ๐ค
Do you think that $TURTLE will continue its rapid crawl towards the target of 0.0520 without stopping, or will we see a quick "retest" of the level of 0.042 to confirm support before taking off? ๐๐ช๏ธ
Trade with power.. for explosive momentum is the fuel for quick profits! ๐ฆ๐
