$FLUID - BULLISH BREAKOUT ALERT! 🚀
KEY LEVELS
* Current Price: $6.17452
* Immediate Resistance: $6.20026. This level represents a key point of recent price rejection. A decisive break above this level is crucial for confirming a strong upward trend.
* Immediate Support: $5.92973. This is a very strong support level. The price has bounced off this point multiple times, indicating strong buying pressure.
TRADE SETUP: LONG POSITION
The chart shows a strong bullish impulse move. The price has already broken through some minor resistance and is approaching a major level, suggesting further upside potential.
* Entry: Initiate a long position on a confirmed breakout and retest of the resistance level at $6.20026.
* Targets (TP):
* TP1: $6.30000 (Based on projected price action and psychological level)
* TP2: $6.50000 (Next major resistance level)
* Stop Loss (SL): Place your stop loss just below the immediate support at $5.92973. This level should hold if the bullish trend continues.
RISK MANAGEMENT
Always use a stop loss to limit potential losses. Do not over-leverage your position and ensure your trade size is appropriate for your risk tolerance. 🛡️💰
