US30 Reversal Trade Setup: Breakout Strategy

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Market Analysis and Trade Plan
US30 has been in a downtrend, but we are identifying a potential reversal setup with a breakout above the descending trendline. Here’s the detailed trade plan:

Entry:

Look for a breakout above the descending trendline.
Confirmation of entry with a strong bullish candle closing above the resistance zone.
Stop Loss:

Place the stop loss just below the previous swing low, as indicated in the chart.
Take Profit:

The target is set at the next significant resistance level around 38,920, where the previous high is located.

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