ONEUSDT trade ideas
#ONEUSDT 12H Chart
Price previously got rejected from a major resistance area and left a 12h supply between $0.161 and $0.1672. MACD us showing bearish momentum, RSI is sold and EMAs are neutral. Price is currently sitting on a major 8h demand zone from where i expect it to move up from towards the 12h supply as a short term target. Waiting for confirmation.
ONEUSDTHello guys.
Hope you had good trades today.
As BTC was rejected today from an important level, I think the bears gain strength in the market and the market would lend to a correction for some days.
One was also rejected from this level if we look closer to 4h chart, the red candle with high volume covers the two green candle which I thought was a breakout. So the break out is failed for now. The RSI also confirms this.
Therefore I think there should be correction.
Happy trading and I hope you all benefit. :)
The setup is my personal setup but you may do as you think.
One -50% incoming!One is in a high time frame downtrend channel . We are currently at range high and formed a small deviation.
Weekly structure bearish and we just tapped weekly ob. Break back into the range would be a strong confirmation to either visit midchannel or channel low. >-50%
I already entered short on recent 2h bear structure + bearish breaker retest. SL 0.171 -> Either immediate reaction or wrong.
ONE is Long afBINANCE:ONEUSDT
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Testing a crucial resistance, once broken, there is no coming back anytime soon,
Price Broke both EMAs (21 and 55), and EMA 21 closing in on EMA55 (which shows bullish momentum)
MACD shows Convergence with Bullish Momentum
RSI 65 (not oversold, which provide availability for a potential uptrend)
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Trade Carefully! Cheers!
ONEUSDT is creating an ascending channelThe price is testing the weekly support on 0.15 on the daily timeframe.
On 4h timeframe, the price is creating an ascending channel and had a breakout from the 4h resistance now new support above the weekly support (0.14$).
How to approach?
For a bullish scenario, the price needs to create a new breakout from the ascending channel and 4h resistance above 0.15$ with confirmations. According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐