Hypothetical Cup and Handle Pattern Breakdown

Let's assume the price formed a rounded bottom, with the lowest point at $0.10.

After reaching a peak of $0.15, the price pulls back to around $0.12, forming the handle.

The breakout level is at $0.15, where the price previously peaked.

Trade Setup

-Enter the trade at the breakout level of $0.15

-Place a stop loss just below the handle's low, around $0.11. This helps to manage risk in case the pattern fails.

- The target price would be $0.20 You may consider taking partial profits at $0.18