$THE
Bullish trading signal — momentum continuation
Direction: Buy
Trade Setup:
THE witnessed a strong bullish breakout after a period of consolidation, supported by high momentum candles and increasing trading volume. The price successfully retested the previous resistance and is now showing higher highs and higher lows, reflecting the strength of the bullish structure.
As long as trading is above the support area of 0.185, the scenario of continued bullish momentum towards the next resistance levels remains likely.
Trade Details:
Entry Area: 0.1860 – 0.1925
First Target (TP1): 0.1985
Second Target (TP2): 0.2050
Third Target (TP3): 0.2120
Stop Loss: 0.1785
Conclusion:
Staying above the entry area supports the buying preference, with strict adherence to risk management necessary.