ROBO - Waiting for Reclaim of 0.01601 to Target Descending Trend
I am waiting for a daily close above the green support line at 0.01601 to confirm that the breakdown was indeed a fakeout. If ROBO successfully reclaims and holds above this level, I will look for a long entry on the retest.
The primary target for this setup will be the major descending trendline shown on the chart.
* **Entry Zone:** 0.01601 – 0.01650 (On a successful reclaim and retest)
* **Stop Loss (Aggressive):** 0.01480 (Below the local consolidation/support reclaim zone)
* **Stop Loss (Conservative):** 0.01380 (Below the recent liquidity sweep low)
**Targets (Take Profits):**
* **TP1:** 0.01780 (Local minor resistance)
* **TP2:** 0.01950 (Previous swing high)
* **TP3 (Main Target):** 0.02100 – 0.02150 (Descending trendline resistance area)
Please apply proper risk management to protect your capital. This analysis represents my personal perspective and is not financial advice. Good luck!
The primary target for this setup will be the major descending trendline shown on the chart.
* **Entry Zone:** 0.01601 – 0.01650 (On a successful reclaim and retest)
* **Stop Loss (Aggressive):** 0.01480 (Below the local consolidation/support reclaim zone)
* **Stop Loss (Conservative):** 0.01380 (Below the recent liquidity sweep low)
**Targets (Take Profits):**
* **TP1:** 0.01780 (Local minor resistance)
* **TP2:** 0.01950 (Previous swing high)
* **TP3 (Main Target):** 0.02100 – 0.02150 (Descending trendline resistance area)
Please apply proper risk management to protect your capital. This analysis represents my personal perspective and is not financial advice. Good luck!
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.