$ORCL Breakout Continuation Long Setup
Long Setup
Entry Zone: 138.50 – 140.00
Stop Loss: Below 133.00
TP1: 148.50
TP2: 150.00
Why This Setup?
ORCL has broken sharply above its previous ascending-channel structure, surging to 148.67 before entering a consolidation phase. Price is currently holding near 141.83, with the 138.50–140.00 zone acting as the immediate support area to watch.
A sustained hold above this zone could allow buyers to retest 148.50–150.00. A decisive breakout above 150.00 would provide further bullish confirmation, while rejection could lead to a deeper pullback toward 133.00–135.00.
Entry Strategy: Prefer a controlled retest of 138.50–140.00 with bullish confirmation rather than chasing the post-spike move.
Invalidation: A sustained breakdown below 133.00 would weaken the short-term bullish setup.
Wait for confirmation and manage risk carefully, especially after such a sharp price expansion.
Long Setup
Entry Zone: 138.50 – 140.00
Stop Loss: Below 133.00
TP1: 148.50
TP2: 150.00
Why This Setup?
ORCL has broken sharply above its previous ascending-channel structure, surging to 148.67 before entering a consolidation phase. Price is currently holding near 141.83, with the 138.50–140.00 zone acting as the immediate support area to watch.
A sustained hold above this zone could allow buyers to retest 148.50–150.00. A decisive breakout above 150.00 would provide further bullish confirmation, while rejection could lead to a deeper pullback toward 133.00–135.00.
Entry Strategy: Prefer a controlled retest of 138.50–140.00 with bullish confirmation rather than chasing the post-spike move.
Invalidation: A sustained breakdown below 133.00 would weaken the short-term bullish setup.
Wait for confirmation and manage risk carefully, especially after such a sharp price expansion.
