๐ Timeframe: 1D (Binance Exchange)
๐ Current Price: 0.0001268 (+1.93%)
Key Technical Insights:
Accumulation & Breakout Setup:
Price has been consolidating at a low volatility range for several weeks.
Potential breakout setup is forming, as indicated by the bullish structure.
Support & Resistance Levels:
Support: 0.0000950 (Stop-loss region)
Current Resistance: 0.0001271 (Breakout Level)
Major Target: 0.0004000 (Upside target)
Risk-to-Reward Setup:
A clear risk-to-reward setup is visible on the chart.
Stop-loss placed below 0.0000950, targeting 0.0004000.
Risk/Reward Ratio: ~3.5:1 (High reward potential).
Open Interest Analysis:
Open Interest (OI) surged significantly before showing a slight decline.
A decline in OI while price remains stable suggests short liquidations or weak hands exiting before a potential move.
Trading Strategy:
Bullish Entry: Long positions above 0.0001271 with a stop below 0.0000950.
Breakout Confirmation: A daily close above 0.0001300 strengthens bullish sentiment.
Profit Targets:
First Target: 0.0002500
Second Target: 0.0004000
๐ Current Price: 0.0001268 (+1.93%)
Key Technical Insights:
Accumulation & Breakout Setup:
Price has been consolidating at a low volatility range for several weeks.
Potential breakout setup is forming, as indicated by the bullish structure.
Support & Resistance Levels:
Support: 0.0000950 (Stop-loss region)
Current Resistance: 0.0001271 (Breakout Level)
Major Target: 0.0004000 (Upside target)
Risk-to-Reward Setup:
A clear risk-to-reward setup is visible on the chart.
Stop-loss placed below 0.0000950, targeting 0.0004000.
Risk/Reward Ratio: ~3.5:1 (High reward potential).
Open Interest Analysis:
Open Interest (OI) surged significantly before showing a slight decline.
A decline in OI while price remains stable suggests short liquidations or weak hands exiting before a potential move.
Trading Strategy:
Bullish Entry: Long positions above 0.0001271 with a stop below 0.0000950.
Breakout Confirmation: A daily close above 0.0001300 strengthens bullish sentiment.
Profit Targets:
First Target: 0.0002500
Second Target: 0.0004000
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.