Long Setup:
Entry: If price breaks and closes above the resistance zone (~0.078 USDT).
Stop-Loss: Below recent swing low (~0.058 USDT).
Take Profit:
TP1: 0.09 USDT (previous minor resistance)
TP2: 0.11 USDT (next significant resistance)
Confirmation: Look for increased volume and strong bullish candles above resistance.
Short Setup:
Entry: If price gets rejected at resistance (~0.078 USDT) and shows bearish confirmation.
Stop-Loss: Above resistance (~0.083 USDT).
Take Profit:
TP1: 0.055 USDT (recent support)
TP2: 0.045 USDT (lower support)
Confirmation: Look for bearish engulfing candles or wicks rejecting higher prices.
Entry: If price breaks and closes above the resistance zone (~0.078 USDT).
Stop-Loss: Below recent swing low (~0.058 USDT).
Take Profit:
TP1: 0.09 USDT (previous minor resistance)
TP2: 0.11 USDT (next significant resistance)
Confirmation: Look for increased volume and strong bullish candles above resistance.
Short Setup:
Entry: If price gets rejected at resistance (~0.078 USDT) and shows bearish confirmation.
Stop-Loss: Above resistance (~0.083 USDT).
Take Profit:
TP1: 0.055 USDT (recent support)
TP2: 0.045 USDT (lower support)
Confirmation: Look for bearish engulfing candles or wicks rejecting higher prices.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.