Cadeler A/S (
CDLR) is testing the $22.60 resistance area within an ascending triangle pattern. A breakout above this zone could trigger a continuation move to the upside.
Entry trigger: Breakout and close above $22.60 resistance.
Profit target: Around $28.75 (previous major high), ~23% potential upside.
Stop-loss: Slightly below $22.00, just under resistance.
The structure of higher lows indicates buyers are building pressure against the resistance. A confirmed breakout with volume could provide a strong risk/reward setup.
Trading Plan: Look for a clean breakout above $22.60. Target $28.75 while protecting downside with a stop just under $22.
CDLR) is testing the $22.60 resistance area within an ascending triangle pattern. A breakout above this zone could trigger a continuation move to the upside.Entry trigger: Breakout and close above $22.60 resistance.
Profit target: Around $28.75 (previous major high), ~23% potential upside.
Stop-loss: Slightly below $22.00, just under resistance.
The structure of higher lows indicates buyers are building pressure against the resistance. A confirmed breakout with volume could provide a strong risk/reward setup.
Trading Plan: Look for a clean breakout above $22.60. Target $28.75 while protecting downside with a stop just under $22.
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