OP Optimism reached Point of Interest POI a.k.a Demand Zone.
Updated
Hello TradingView Family / Fellow Traders. OP Optimism reached Point of Interest (POI a.k.a Demand Zone) and now Breaking the Structure (BOS) towards the upside. I am looking for mitigation back for last (OB-Order Block, POI a.k.a Demand Zone) highlighted in a light green box for LONG. This idea is based on Smart Money Concept, Supply & Demand, and Price manipulation. If found this idea helpful, please support by liking. Happy Trading everyone :)
Comment
Looking to BUY: 1.1859 SL: 1.1395 TP1: 1.2966
TP2: 1.4063
TP3: 1.6500
Comment
Buy Position trigered @ 1.1858. There are 3 scenarios will happen weather the price will go to our favor and make us profit or Break even or the will strongly crash and stop us out and loss 1% of our portfolio.Comment
SL move to 1.1773 to reduce risk.Comment
SL move to 1.1859 for break even, if ever the worse scenario will happen our position is safe. Right now position floating profit $500+Comment
If the price will break @ 1.2409 I will be looking for 2nd entry @ 1.1925 as the 50% of the last point of POI/Demand in the 5 Minute Time Frame.
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