RubyPkrmlw pfp
RubyPkrmlw

@rubypkrmlw

If a price breaks a major moving average (e.g., 200-day or a long-term EMA), the next target price is often derived from measured-move techniques or prior structural levels like previous resistance clusters and Fibonacci extensions. Traders typically project the measured move by adding the height of the breakout base to the breakout point; alternatively, identify the next supply cluster by scanning historical daily candles for previous consolidation zones. Risk managers combine these target methods with ATR-based stop sizing to set realistic exit and re-entry points. Importantly, confirmation via increased volume and narrowing spread improves the reliability of target estimates.
0 reply
0 recast
0 reaction