HTI: Breakout Trading Opportunity

• 3420

• Long at level 3420, take profit at 3540, stop loss at 3338

• Short at level 3335, take profit at 3200, stop loss at 3418

• Analysis of HTI 1-hour chart reveals a symmetrical triangle pattern since March 4, 2024, indicating a period of consolidation.
• The narrowing gap between the converging trend lines suggests an imminent breakout, typically resulting in a significant price movement.
• A trading strategy could involve taking long or short positions based on the breakout direction once the resistance level is breached with a strong candlestick bar.