$2Z /USDT BULLISH BREAKOUT โ LONG SETUP
*ANALYSIS*
The
$2Z /USDT pair shows a sharp upward spike after consolidating, breaking the previous resistance at 0.13104 and reaching a 24โhour high of 0.14865. The candlestick pattern forms a strong bullish engulfing move with increasing volume (82.52M 2Z / 11.43M USDT), confirming momentum. The price has closed above the intraday high, indicating continued buying pressure and a potential continuation of the uptrend.
*ENTRY*
- *Long* entry on a confirmed break & hold above 0.14374 (current consolidation level).
- Trigger: Market order once price sustains above 0.14400 on 1โhour timeframe.
*TARGETS (TP)*
1. TP1: 0.15010 (first resistance).
2. TP2: 0.15500 (projected extension based on volume profile).
3. TP3: 0.16000 (longโterm bullish objective).
*STOP LOSS (SL)*
- Place SL at 0.11978 (recent swing low) to protect against a reversal below the breakout base.
*RISK MANAGEMENT*
Allocate โค2% of total capital per trade, set riskโreward ratio at minimum 1:3, and adjust position size so the SL distance (0.14238 โ 0.11978 = 0.0226) fits the predefined risk amount. Keep trailing SL once TP1 is hit to lock profits.
#2ZUSDT #Bullish #LongTrade #TechnicalAnalysis #RiskManagement $2Z