Technical Analysis:
- Current price: 1.917 USDT
- Strong support level forming at trendline confluence
- Significant volume spike indicating potential reversal
Entry Strategy:
✅ Strategic Entry: 1.500 USDT
- Key historical support zone
- Trendline support confluence
- Oversold conditions on multiple timeframes
Target Projections:
🎯 Target 1: 2.930 USDT (95% ROI)
- Major resistance level
- Previous market structure
- Key psychological level
🎯 Target 2: 3.918 USDT (161% ROI)
- All-time high retest zone
- Major fibonacci extension level
- Huge potential reward zone
Risk Management (CRITICAL):
⚠️ Stop Loss: -5% below entry
- Clear invalidation point
- Protected by major support
- 1:19 and 1:32 Risk-Reward ratios
Key Catalysts:
- Major trend line support holding since August
- Volume profile suggesting accumulation
- Multiple timeframe alignment
- Clear market structure for upside
Trading Plan: 🚨
1. Scale in near 1.500 USDT
2. First take-profit at 2.930 (50% position)
3. Trail stops after first target
4. Hold remainder for moonshot target
⚠️ Important Notes:
- High-conviction multi-target setup
- Patience required for entry
- Volume confirmation essential
- Scale-in approach recommended
🔔 Remember:
- DYOR (Do Your Own Research)
- Never risk more than you can afford
- Set proper position sizes
- Follow your trading plan
#Crypto #WIF #TechnicalAnalysis #SpotTrading #CryptoGems #MoonShot 🚀
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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.