Structure is healthy, volume and price are well-coordinated. The 1.84-1.92 range is also quite comfortable. Place the stop loss at 1.77 below. The risk-reward ratio looks acceptable. Marking it for now and waiting for a confirmed breakout.

View Original
ELIX
$LIT is printing a strong, sustained upward expansion leg on the 1H frame, booking a solid +15.38% gain on the day. After establishing a clean structural floor near the 1.6786 baseline, a steady influx of aggressive buying volume established a step-up market structure that ultimately tapped an intraday high of 1.9922.

Price action is currently holding its upper territory exceptionally well, stabilizing right beneath the peak at 1.9846 while keeping perfectly aligned above the ascending moving average stack. High breakout risk continues to intensify; if the bulls successfully absorb the local overhead selling pressure and push past the 1.9922 ceiling, it clears the path toward the major 2.000 psychological milestone.

Trading Setup

Entry Zone: 1.840 - 1.920
TP1: 1.990
TP2: 2.150
TP3: 2.300
Stop-Loss: 1.770

#Get2SharesOfSKHynixAtZeroCost #GateCompletesDividendDistribution
repost-content-media
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned