Key Zones: Clear supply zone above and demand zone below the current price.
Fair Value Gaps (FVGs):
3 FVGs on the 4H timeframe below the current price.
2 FVGs on the 1H timeframe above the current price.
Trend & Indicators:
Market structure remains bullish.
OBV is forming a rising wedge, indicating potential momentum exhaustion.
Anchored volume profile shows high volume concentration below the current price, suggesting strong support.
Trade Plan:
Scalp Setup: Based on the smaller Fibonacci retracement tool, with a target at the previous swing high. Risk-to-reward (R:R) is approximately 1:1.
Swing Setup: Entry between the two 4H FVGs around 0.2874, targeting the psychological levels above. Stop loss set below the most recent swing low.
Fair Value Gaps (FVGs):
3 FVGs on the 4H timeframe below the current price.
2 FVGs on the 1H timeframe above the current price.
Trend & Indicators:
Market structure remains bullish.
OBV is forming a rising wedge, indicating potential momentum exhaustion.
Anchored volume profile shows high volume concentration below the current price, suggesting strong support.
Trade Plan:
Scalp Setup: Based on the smaller Fibonacci retracement tool, with a target at the previous swing high. Risk-to-reward (R:R) is approximately 1:1.
Swing Setup: Entry between the two 4H FVGs around 0.2874, targeting the psychological levels above. Stop loss set below the most recent swing low.
Trade closed: stop reached
Unfortunately due to the war breaking out, a majority of coins globally have crashed - Mana took a hit.
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.