#CPIWatch $FORM +28.52% - Continued breakout with an additional target of the next high
Fantastic momentum! The breakout from the EMA200 is holding well and the price has now broken into the next resistance zone. This shows strength in the market.
Updated Levels
Support 0.3954 (EMA200 - Critical) 0.3402 (EMA9)
Resistance 0.4074 (Trading 24h High) 0.4263 (Next Target)
Confirmed Breakout Level: Above 0.3954
Trade Plan
Entry: 0.3950 - 0.4020 (Tested as support, retested EMA200)
Stop Loss Level: 0.3850 (Below EMA200)
Take Profit Levels - TP1: 0.4260, TP2: 0.4400
Volume is large, showing conviction by the buyers. The structure of the chart has shifted from bearish to bullish.
⚠️ This is not financial advice. This is a high momentum play. If you are making money in this trade, consider using a trailing stop to protect yourself against any losses as the price ultimately runs higher.
The breakout is REAL! Are you adding to your position on dips, or taking profits here? 👇
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