Key Price Levels The chart is annotated with color-coded horizontal zones for clarity, marking the entry, take-profit, and stop-loss levels:
Entry / DCA Range: Price: 0.15036 to 0.17172 Color: Pink Description: This is the primary zone to initiate a long position. You can enter at 0.15036 and scale in (using Dollar-Cost Averaging) if the price dips higher within this range, up to 0.17172. Take-Profit Levels: TP1: Price: 0.22000 to 0.24000 Color: Light Green Description: The first profit-taking zone, ideal for securing initial gains after an upward move from the entry. TP2: Price: 0.26000 to 0.28000 Color: Light Cyan Description: The second target, representing a higher resistance area for partial profit-taking. TP3: Price: 0.32000 to 0.34000 Color: Light Yellow Description: The final target, aligning with historical resistance and the maximum expected upside for this trade. Stop-Loss: Price: Below 0.11727 (range extends to 0.11500) Color: Red Description: This is the hard stop-loss level. A daily candle closing below 0.11727 signals an exit, with the range down to 0.11500 acting as a critical support zone. Trading Strategy Entry: Enter a long position within the 0.15036 to 0.17172 range. Consider adding to your position if the price moves toward the upper end of this zone to average your entry cost. Take-Profit: Take partial profits at TP1 (0.22000–0.24000). Secure additional profits at TP2 (0.26000–0.28000). Exit fully or take final profits at TP3 (0.32000–0.34000). Stop-Loss: Place a hard stop-loss below 0.11727. Confirm the exit only if the daily candle closes below this level to avoid premature stop-outs from intraday volatility. Trade Duration: This swing trade is expected to unfold over several weeks to months, depending on how quickly the price reaches the TP3 range.
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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.