Symmetrical Triangle Breakout - Anticipating a 23% Move

Chart showcases a compelling symmetrical triangle pattern, signaling a potential breakout.

The price is consistently forming higher highs (HH) and higher lows (HL), emphasizing a strong bullish structure.

Volume is steadily building up near the breakout zone, with expectations of a significant increase post-breakout.

Symmetrical Triangle Pattern: Indicates a period of consolidation, with an imminent breakout anticipated.

HH-HL Formation: Each low is being protected, reflecting a sustained uptrend and bullish market sentiment.

Volume Analysis: Notable volume buildup near the breakout zone, supporting the potential breakout. Anticipate a surge in volume post-breakout as confirmation.

Projected Move: Based on the pattern, there's potential for a 23% move from current levels.

RSI Strength: RSI is showing strength, further supporting the bullish outlook.
Trade Idea:

Consider a long position upon confirmation of the breakout, ensuring volume supports the move.
Set price targets based on the projected 23% move and adjust according to evolving market conditions.

Implement risk management strategies to protect against potential downside risks.