### **Key Levels:**
- **Daily Order Block (Resistance):** Strong bearish momentum hit the daily order block, weakening its strength.
- **Hourly Breakout:** Price broke the resistance at **0.02460**, with a bullish order block forming before the breakout.
### **Trade Setup:**
- **Entry Zone:** **0.02336 - 0.02460** (Retest of the bullish order block with weak momentum + confirmation of a reversal candlestick pattern).
- **Stop Loss:** **0.02305** (Below the order block for invalidation).
- **Take Profit (TP):** **0.03058** (Next key resistance level).
### **Analysis:**
1. **Order Block Interaction:**
- The daily bearish order block lost strength after a strong rejection.
- On the hourly chart, a bullish order block formed before the breakout at **0.02460**, indicating buyer interest.
2. **Confirmation Needed:**
- Weak momentum retest + reversal candlestick (e.g., bullish engulfing, hammer, or pin bar) for entry confirmation.
3. **Risk Factors:**
- False breakout risk if price fails to hold above the order block.
- Low liquidity zones may cause slippage.
### **Trade Plan Summary:**
- **Entry:** **0.02336 - 0.02460** (With reversal confirmation)
- **SL:** **0.02305**
- **TP:** **0.03058**
- **Risk-Reward Ratio:** ~1:3 (Favorable)
**#PEOPLE #USDT #OrderBlock #Breakout #Crypto
- **Daily Order Block (Resistance):** Strong bearish momentum hit the daily order block, weakening its strength.
- **Hourly Breakout:** Price broke the resistance at **0.02460**, with a bullish order block forming before the breakout.
### **Trade Setup:**
- **Entry Zone:** **0.02336 - 0.02460** (Retest of the bullish order block with weak momentum + confirmation of a reversal candlestick pattern).
- **Stop Loss:** **0.02305** (Below the order block for invalidation).
- **Take Profit (TP):** **0.03058** (Next key resistance level).
### **Analysis:**
1. **Order Block Interaction:**
- The daily bearish order block lost strength after a strong rejection.
- On the hourly chart, a bullish order block formed before the breakout at **0.02460**, indicating buyer interest.
2. **Confirmation Needed:**
- Weak momentum retest + reversal candlestick (e.g., bullish engulfing, hammer, or pin bar) for entry confirmation.
3. **Risk Factors:**
- False breakout risk if price fails to hold above the order block.
- Low liquidity zones may cause slippage.
### **Trade Plan Summary:**
- **Entry:** **0.02336 - 0.02460** (With reversal confirmation)
- **SL:** **0.02305**
- **TP:** **0.03058**
- **Risk-Reward Ratio:** ~1:3 (Favorable)
**#PEOPLE #USDT #OrderBlock #Breakout #Crypto
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.