Looking at the daily chart, BENDOGUSDT has shown a significant deviation below the previous support level, followed by a recovery back into the range. This deviation suggests potential accumulation, which could lead to a breakout above the current consolidation zone.
Trade Plan:
- Entry: Current price level (~0.0123 USDT) or upon minor pullbacks if price holds above the deviation range low.
- Targets:
- TP1: 0.0170 USDT – potential resistance area within the previous range.
- TP2: 0.0320 USDT – aligns with the next significant resistance, offering strong upside potential.
- Stop Loss: Below the deviation low, around 0.0090 USDT, to limit downside risk.
This setup aims to capitalize on a trend reversal and breakout from accumulation.
Trade Plan:
- Entry: Current price level (~0.0123 USDT) or upon minor pullbacks if price holds above the deviation range low.
- Targets:
- TP1: 0.0170 USDT – potential resistance area within the previous range.
- TP2: 0.0320 USDT – aligns with the next significant resistance, offering strong upside potential.
- Stop Loss: Below the deviation low, around 0.0090 USDT, to limit downside risk.
This setup aims to capitalize on a trend reversal and breakout from accumulation.
💎💎- Professional Trader
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💎💎 - Trading Course: liquiditysweep369.carrd.co/
💎💎 - Discord: discord.gg/gHKNVMyEvd
💎💎 - Trading Course: liquiditysweep369.carrd.co/
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.
💎💎- Professional Trader
💎💎 - Discord: discord.gg/gHKNVMyEvd
💎💎 - Trading Course: liquiditysweep369.carrd.co/
💎💎 - Discord: discord.gg/gHKNVMyEvd
💎💎 - Trading Course: liquiditysweep369.carrd.co/
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.