๐ง
Lately, Iโve been focusing on breakouts from key resistance levels supported by ascending trendlines. Todayโs trade on
PLTR was a textbook example.
๐ Ticker: PLTR
๐ Trade Type: Long
๐ Timeframe: 30-min
๐ Entry Zone: $139.24 (Pre-market breakout)
๐ฏ Target: $146.66
๐ Stop Loss: Below $137.00
๐ Why I Took This Trade:
Price was consolidating right below strong horizontal resistance around $139.
An ascending trendline formed over the past few sessions, creating bullish pressure.
Clean breakout with volume and confirmation on retest.
๐ง What I Learned:
Waiting for confirmation at resistance breakout is key.
Clean structure + trendline + consolidation = high-probability setup.
Reward-to-risk ratio was favorable, with room to $146.
โจ Whether this trade hits TP or not, the setup followed my plan. Thatโs a win.
๐ Logging and reviewing setups like this helps me stay disciplined and improve daily.
Lately, Iโve been focusing on breakouts from key resistance levels supported by ascending trendlines. Todayโs trade on
๐ Ticker: PLTR
๐ Trade Type: Long
๐ Timeframe: 30-min
๐ Entry Zone: $139.24 (Pre-market breakout)
๐ฏ Target: $146.66
๐ Stop Loss: Below $137.00
๐ Why I Took This Trade:
Price was consolidating right below strong horizontal resistance around $139.
An ascending trendline formed over the past few sessions, creating bullish pressure.
Clean breakout with volume and confirmation on retest.
๐ง What I Learned:
Waiting for confirmation at resistance breakout is key.
Clean structure + trendline + consolidation = high-probability setup.
Reward-to-risk ratio was favorable, with room to $146.
โจ Whether this trade hits TP or not, the setup followed my plan. Thatโs a win.
๐ Logging and reviewing setups like this helps me stay disciplined and improve daily.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.