BINANCE:PEOPLE/TETHERUSHTTPS - 4H TIMEFRAME ๐ฏ
SETUP STRUCTURE:
โโโโโโโโโโโโโโโโ
โฆ ENTRY: $0.03578
โฆ TARGET: $0.07380
โฆ STOP LOSS: -3% Below Entry
โฆ RISK:REWARD: 35:1
โฆ TIMEFRAME: 4H
โฆ POSITION TYPE: SWING TRADE
TECHNICAL CONFLUENCE:
โโโโโโโโโโโโโโโโ
1. PRICE ACTION:
โข Descending Channel Bottom Test
โข Multiple Timeframe Support Zone
โข Previous Strong Demand Area
2. MARKET STRUCTURE:
โข 6-Month Downtrend Exhaustion
โข Potential Double Bottom Formation
โข Clear Volume Profile Support
3. KEY CATALYSTS:
โข Oversold RSI Divergence
โข High-Volume Accumulation Zone
โข Strong Historical Support Level
TRADE MANAGEMENT:
โโโโโโโโโโโโโโโโ
ENTRY STRATEGY:
โข Scale in between $0.03578-$0.03600
โข Initial position: 40% of total size
โข Add on first confirmation: +30%
โข Final add on trend confirmation: +30%
TAKE-PROFIT STRATEGY:
TP1: $0.05000 (25% of position)
TP2: $0.06200 (50% of position)
TP3: $0.07380 (25% of position)
INVALIDATION:
โข Break below support with volume
โข Loss of 4H market structure
โข Failure to hold entry zone after 4H
RISK DISCLOSURE:
โโโโโโโโโโโโโโโโ
Trading involves substantial risk of loss. This analysis is for educational purposes only and should not be considered as financial advice. Always conduct your own research and trade responsibly.
#USDT #TechnicalAnalysis #Trading #CryptoTrading #SwingTrading
Tags: TradingView
Trade active
UPDATE FOR PEOPLELETS SEE WHAT WILL HAPPEN
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.
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.