Chart Overview
Current Price: ~$0.04908
Price Structure: Downtrend with recent consolidation near support zones.
Indicators:
Fair Value Gaps (FVG) from LuxAlgo: Highlighting imbalances in price.
Strong resistance zones (orange bands) between ~$0.063 to $0.074.
Support zone near $0.0472.
Trade box visible: suggesting a take-profit of ~$228.57 and a stop loss of -10,000 units (likely paper or test trade setup).
Key Zones
Support
$0.04726: Major support. Price is hovering just above this—watch for a breakdown or bounce.
FVG zones below may offer liquidity targets for a bearish move.
Resistance
$0.06328 – $0.07480: Heavy resistance cluster, likely full of liquidity and resting orders.
Multiple fair value gaps in this range imply unfinished business above (i.e., price may get drawn there to rebalance inefficiencies).
Scenario Analysis
🟢 Long Setup (Bullish Bias)
Conditions to enter long:
Clear bounce or bullish engulfing from $0.0472 zone.
Strong volume confirmation or lower time-frame break of structure upwards (e.g., on 15m).
Target zones:
TP1: $0.0550 (local resistance/FVG area)
TP2: $0.0632 – $0.0650 (strong liquidity zone)
TP3: $0.070 – $0.074 (high R/R but ambitious)
Invalidation (stop loss): Below $0.0465 (clean invalidation below support).
🔴 Short Setup (Bearish Bias)
Conditions to enter short:
Breakdown below $0.0472 with volume and failure to reclaim that zone.
Lower high formed below $0.050.
Target zones:
TP1: $0.0450 (psychological round number)
TP2: $0.042 – $0.040 (where liquidity may sit)
Invalidation (stop loss): Above $0.0505 or $0.052 depending on aggression.
Neutral Bias (Wait & Watch)
If volume is low and price is just ranging between $0.0485–$0.0505, this is a no-trade zone.
Wait for clear market structure shift or a breakout from current consolidation.
📌 Recommendation
At this moment (near $0.049):
You're very close to support. Avoid shorting now.
Safer strategy: Wait for a bounce and long confirmation, or wait for a break of $0.0472 with conviction to short.
Current Price: ~$0.04908
Price Structure: Downtrend with recent consolidation near support zones.
Indicators:
Fair Value Gaps (FVG) from LuxAlgo: Highlighting imbalances in price.
Strong resistance zones (orange bands) between ~$0.063 to $0.074.
Support zone near $0.0472.
Trade box visible: suggesting a take-profit of ~$228.57 and a stop loss of -10,000 units (likely paper or test trade setup).
Key Zones
Support
$0.04726: Major support. Price is hovering just above this—watch for a breakdown or bounce.
FVG zones below may offer liquidity targets for a bearish move.
Resistance
$0.06328 – $0.07480: Heavy resistance cluster, likely full of liquidity and resting orders.
Multiple fair value gaps in this range imply unfinished business above (i.e., price may get drawn there to rebalance inefficiencies).
Scenario Analysis
🟢 Long Setup (Bullish Bias)
Conditions to enter long:
Clear bounce or bullish engulfing from $0.0472 zone.
Strong volume confirmation or lower time-frame break of structure upwards (e.g., on 15m).
Target zones:
TP1: $0.0550 (local resistance/FVG area)
TP2: $0.0632 – $0.0650 (strong liquidity zone)
TP3: $0.070 – $0.074 (high R/R but ambitious)
Invalidation (stop loss): Below $0.0465 (clean invalidation below support).
🔴 Short Setup (Bearish Bias)
Conditions to enter short:
Breakdown below $0.0472 with volume and failure to reclaim that zone.
Lower high formed below $0.050.
Target zones:
TP1: $0.0450 (psychological round number)
TP2: $0.042 – $0.040 (where liquidity may sit)
Invalidation (stop loss): Above $0.0505 or $0.052 depending on aggression.
Neutral Bias (Wait & Watch)
If volume is low and price is just ranging between $0.0485–$0.0505, this is a no-trade zone.
Wait for clear market structure shift or a breakout from current consolidation.
📌 Recommendation
At this moment (near $0.049):
You're very close to support. Avoid shorting now.
Safer strategy: Wait for a bounce and long confirmation, or wait for a break of $0.0472 with conviction to short.
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.