Kakao Bullish KAKAOKRX_DLY:035720veermalik786📊 Trade Idea: – Fibonacci Retracement + Bullish Continuation Setup Timeframe: Daily (1D) Chart Type: Candlestick Strategy Type: Swing Trade / Trend Continuation ⸻ 🧩 Trade Thesis: After a strong impulsive move upwards, the price has retraced back to the 50%-61.8% Fibonacci zone, which historically acts as a key support area during trending markets. A possible bullish continuation pattern is forming, with consolidation visible near the 0.5 level. ⸻ 📍 Entry, Stop Loss & Take Profit: •Buy Entry: 56,800 (Breakout or confirmation from current support zone) •Stop Loss (S.L): 53,300 (Below the 0.618 Fib level and recent local low) •Take Profit (T.P): 88,500 (Based on previous swing high extension / trendline projection) ⸻ 📏 Trade Metrics: •Risk per Share: 56,800 - 53,300 = 3,500 •Reward per Share: 88,500 - 56,800 = 31,700 •Risk-to-Reward Ratio: ~1:9 A high reward/risk setup with price holding near Fibonacci support, awaiting breakout confirmation. ⸻ 🔍 Technical Confluence: •Price has respected the 61.8% Fibonacci retracement level, a key area of potential reversal. •Volume shows signs of stabilization after the correction phase. •Uptrend structure remains valid unless the price closes below 53,300. •Potential bullish flag or pennant pattern in progress, signaling continuation. ⸻ ⚠️ Trade Management: •Aggressive Entry: Near current levels (anticipating breakout) •Conservative Entry: Wait for daily candle close above 59,400 (confirmation) •Adjust SL to Breakeven if price breaks above 65,000 •Watch for Rejection Signs if price approaches 61.8% level again ⸻ 🕓 Timeline Expectation: •Short-to-Medium Term Outlook (2–6 weeks) depending on breakout and follow-through. ⸻ 📌 Note: Always review fundamental context and broader market sentiment. This is a technical idea for educational purposes only.