# 1. Trend Analysis: - Trendline: Confirm that the price is above an upward trendline on the daily chart.
# 2. Price Action: - Bullish Signals: Look for bullish candlestick patterns near a recent support level.
# 3. Support and Resistance: - Support Level: Identify a recent support level to set your stop-loss. - Resistance Level: Find a key resistance level for your target profit.
Trade Plan:
1. Trend Confirmation: Ensure the price is above the trendline. 2. Entry: Buy when you see bullish patterns near support. 3. Stop-Loss (SL): Set below the support level. 4. Target Profit (TP): Set at the resistance level.
Summary: - Trend: Bullish. - Entry: Near support with bullish signals. - Stop-Loss (SL): Below support. - Target Profit (TP): At resistance.