Major Breakout Level:
Last week’s candle closed above the 1W S/R (~0.000013845), marking the highest weekly close in half a year.
Bullish Structure:
Price reclaimed and closed above a crucial weekly resistance. This flips the structure bullish, increasing odds of continuation.
Next Targets:
Immediate resistance lies near the 1M S/R (around 0.000020193–0.000020272). Break and close above opens way toward the 1.27–1.618 Fib extensions (0.000029793+).
Invalidation:
Failure to hold above the 1W S/R and a weekly close back below (~0.000013845) would invalidate the breakout, putting risk back toward mid-range support (0.000009697).
The weekly close above key resistance signals strong buyer interest and market acceptance of higher prices, especially after a multi-month consolidation. This “highest close in 6 months” is a classic trend continuation setup. The next natural target is the higher time frame resistance (1M S/R), with Fibs aligning to previous price action. Failure to hold the breakout level would suggest a failed move and likely mean-reversion.
Last week’s candle closed above the 1W S/R (~0.000013845), marking the highest weekly close in half a year.
Bullish Structure:
Price reclaimed and closed above a crucial weekly resistance. This flips the structure bullish, increasing odds of continuation.
Next Targets:
Immediate resistance lies near the 1M S/R (around 0.000020193–0.000020272). Break and close above opens way toward the 1.27–1.618 Fib extensions (0.000029793+).
Invalidation:
Failure to hold above the 1W S/R and a weekly close back below (~0.000013845) would invalidate the breakout, putting risk back toward mid-range support (0.000009697).
The weekly close above key resistance signals strong buyer interest and market acceptance of higher prices, especially after a multi-month consolidation. This “highest close in 6 months” is a classic trend continuation setup. The next natural target is the higher time frame resistance (1M S/R), with Fibs aligning to previous price action. Failure to hold the breakout level would suggest a failed move and likely mean-reversion.
BoaBias / Goldfinch_song
Swing trader · bar-close systematic book
800+ TRADES · WR 60% · AVG HOLD 7D · AVG PNL 7% · MAX DD -3.4%
CRYPTO · STOCKS · INDICES · METALS
📈Sharing Ideas · indicators · strategies with honest stats · Educational only NFA
Swing trader · bar-close systematic book
800+ TRADES · WR 60% · AVG HOLD 7D · AVG PNL 7% · MAX DD -3.4%
CRYPTO · STOCKS · INDICES · METALS
📈Sharing Ideas · indicators · strategies with honest stats · Educational only NFA
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
BoaBias / Goldfinch_song
Swing trader · bar-close systematic book
800+ TRADES · WR 60% · AVG HOLD 7D · AVG PNL 7% · MAX DD -3.4%
CRYPTO · STOCKS · INDICES · METALS
📈Sharing Ideas · indicators · strategies with honest stats · Educational only NFA
Swing trader · bar-close systematic book
800+ TRADES · WR 60% · AVG HOLD 7D · AVG PNL 7% · MAX DD -3.4%
CRYPTO · STOCKS · INDICES · METALS
📈Sharing Ideas · indicators · strategies with honest stats · Educational only NFA
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.