📉 Long 
FORMUSDT.P from $1.9037
🛡 Stop Loss: $1.8313
🕒 1H Timeframe
⚡️Overview:
➡️ Current Price: $1.8831 — this is whereFORMUSDT.P is trading right now.
➡️ The price recently dropped from around $2.0000 to $1.4000 — a sharp decline! But then it started recovering and is now in a consolidation zone.
➡️ Volume: At the bottom of the chart, you can see volume bars. There was a particularly large volume at the $1.4000 level, where the price reversed. This suggests a lot of activity — possibly big players starting to buy.
➡️ Key Levels: The right side of the chart shows important price levels:
➡️ $1.8313 — stop loss to protect us from losses.
➡️ $1.8932 and $1.88313 — the nearest resistance levels that the price needs to break to move higher.
➡️ $1.7464 — a support level below, in case the price goes down.
🎯 TP Targets:
💎 TP 1: $1.9690
💎 TP 2: $2.0400
💎 TP 3: $2.0890
⚡️ Plan:
➡️ Entry Point: $1.9037 — this is the level to enter the buy. The price is currently slightly below ($1.8831), so we need to wait for it to rise to this mark.
➡️ Stop Loss: $1.8313 — if the price falls below this, the trade will close with a small loss to minimize risks.
Risk/ Reward: If we calculate, the distance from the entry to the stop loss is $0.0724, and to TP1 — $0.0653 (a ratio of nearly 1:1). To TP2 — $0.1363 (1:1.88), and to TP3 — $0.1853 (1:2.56). This is a good profit potential if the price moves up!
📢 TheFORMUSDT.P price just bounced off the strong $1.4000 level, where there was high volume. This could be a signal that big players started buying, and the market is ready to rise.
📢 The $1.9037 level (entry point) aligns with the POC (Point of Control) — the zone with the highest trading volume, which often attracts the price.
📢 If the price breaks the resistance at $1.8932, it could easily reach $1.9037 and then move toward our targets.
🎯 How Does This Signal Relate to the Market?
The recent news about the resolution of the #Ripple vs. #SEC case, which I wrote about earlier, creates a positive backdrop for the entire crypto market.
➡️ When major projects like #Ripple gain clarity, it adds confidence to investors.
➡️ Altcoins likeFORMUSDT.P can catch this wave of optimism.
➡️ If the market continues to rise,FORMUSDT.P has a chance to break resistance and move toward our targets!
➡️ Important: The crypto market is volatile, so don’t forget about risk management. Don’t risk more than 1-2% of your deposit on a single trade.
FORMUSDT.P from $1.9037 🛡 Stop Loss: $1.8313
🕒 1H Timeframe
⚡️Overview:
➡️ Current Price: $1.8831 — this is where
FORMUSDT.P is trading right now. ➡️ The price recently dropped from around $2.0000 to $1.4000 — a sharp decline! But then it started recovering and is now in a consolidation zone.
➡️ Volume: At the bottom of the chart, you can see volume bars. There was a particularly large volume at the $1.4000 level, where the price reversed. This suggests a lot of activity — possibly big players starting to buy.
➡️ Key Levels: The right side of the chart shows important price levels:
➡️ $1.8313 — stop loss to protect us from losses.
➡️ $1.8932 and $1.88313 — the nearest resistance levels that the price needs to break to move higher.
➡️ $1.7464 — a support level below, in case the price goes down.
🎯 TP Targets:
💎 TP 1: $1.9690
💎 TP 2: $2.0400
💎 TP 3: $2.0890
⚡️ Plan:
➡️ Entry Point: $1.9037 — this is the level to enter the buy. The price is currently slightly below ($1.8831), so we need to wait for it to rise to this mark.
➡️ Stop Loss: $1.8313 — if the price falls below this, the trade will close with a small loss to minimize risks.
Risk/ Reward: If we calculate, the distance from the entry to the stop loss is $0.0724, and to TP1 — $0.0653 (a ratio of nearly 1:1). To TP2 — $0.1363 (1:1.88), and to TP3 — $0.1853 (1:2.56). This is a good profit potential if the price moves up!
📢 The
FORMUSDT.P price just bounced off the strong $1.4000 level, where there was high volume. This could be a signal that big players started buying, and the market is ready to rise. 📢 The $1.9037 level (entry point) aligns with the POC (Point of Control) — the zone with the highest trading volume, which often attracts the price.
📢 If the price breaks the resistance at $1.8932, it could easily reach $1.9037 and then move toward our targets.
🎯 How Does This Signal Relate to the Market?
The recent news about the resolution of the #Ripple vs. #SEC case, which I wrote about earlier, creates a positive backdrop for the entire crypto market.
➡️ When major projects like #Ripple gain clarity, it adds confidence to investors.
➡️ Altcoins like
FORMUSDT.P can catch this wave of optimism. ➡️ If the market continues to rise,
FORMUSDT.P has a chance to break resistance and move toward our targets! ➡️ Important: The crypto market is volatile, so don’t forget about risk management. Don’t risk more than 1-2% of your deposit on a single trade.
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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.
🔥Subscribe to our Telegram channel🔥
🔥Every day 1 FREE signal 🔥
🔗 tinyurl.com/GoToMoriartyTradeGlobal
🔥Every day 1 FREE signal 🔥
🔗 tinyurl.com/GoToMoriartyTradeGlobal
Related publications
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.