📌 Market Overview:
The price experienced a strong bullish rally, followed by a sharp decline.
Currently trading near 0.0001587, forming a small consolidation after a strong sell-off.
Potential support zone around 0.0001500 - 0.0001550, which may act as a demand area.
The price is trying to stabilize after a correction from the peak.
📈 Trade Plan: Long Position (BUY Setup)
🎯 Entry: At Current Market Price (CMP) ~0.0001587
🎯 Take Profit Targets:
First Target (Resistance Level): 0.0001750
Second Target: 0.0001900 (Next key resistance)
Final Target (Strong Resistance): 0.0002000+
🔻 Stop-Loss:
Below 0.0001500, as a drop below this level could trigger further downside.
The price experienced a strong bullish rally, followed by a sharp decline.
Currently trading near 0.0001587, forming a small consolidation after a strong sell-off.
Potential support zone around 0.0001500 - 0.0001550, which may act as a demand area.
The price is trying to stabilize after a correction from the peak.
📈 Trade Plan: Long Position (BUY Setup)
🎯 Entry: At Current Market Price (CMP) ~0.0001587
🎯 Take Profit Targets:
First Target (Resistance Level): 0.0001750
Second Target: 0.0001900 (Next key resistance)
Final Target (Strong Resistance): 0.0002000+
🔻 Stop-Loss:
Below 0.0001500, as a drop below this level could trigger further downside.
Trade active
stops at breakeven nowNote
slowly slowly grinding shortersTrade closed: target reached
First Target Reached
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.