Based on the analysis of the chart and considering the market patterns and liquidity behaviors I previously mentioned, here’s how I would approach this situation.
1. Observing Key Market Movements
✅ Liquidity Grab Before Expansion:
Price swept the downside liquidity (below 2.2677 USDT) before making a sharp move up.
Break of Structure (BOS) confirmed a bullish trend shift.
✅ Fair Value Gap (FVG) Retest in Progress:
A large FVG has formed between 2.3788 and 2.4512 USDT, which price is now testing.
If price fills this FVG and shows a bullish reaction, the next move is likely upwards.
✅ Order Block (OB) Near 2.2225 USDT Acting as Strong Support:
If price drops further, the next major liquidity zone sits around 2.2225 USDT.
This zone is critical for bounce confirmation.
✅ RSI Showing Overbought Conditions & Possible Cooldown:
RSI at 68.49, indicating it was previously overbought and may need a correction.
If RSI drops to 50–55 range while price stays stable, it confirms bullish momentum is still intact.
2. Trade Setup & Recommendations
✅ Ideal Buy Entry (Long Position)
First Entry Zone: Around 2.38 - 2.41 USDT (Inside FVG) → Conservative buy.
Second Entry Zone: Around 2.27 - 2.30 USDT (Deeper retracement to liquidity grab) → High-risk buy.
Confirmation Needed: Look for a bullish engulfing candle or pin bar before entering.
❌ Stop Loss (SL)
Below 2.22 USDT, since breaking this would invalidate the bullish structure.
🎯 Take Profit (TP) Targets
TP1: 2.48 USDT (Previous Resistance)
TP2: 2.64 USDT (Major Resistance Level)
TP3: 2.75+ USDT (Potential breakout level)
1. Observing Key Market Movements
✅ Liquidity Grab Before Expansion:
Price swept the downside liquidity (below 2.2677 USDT) before making a sharp move up.
Break of Structure (BOS) confirmed a bullish trend shift.
✅ Fair Value Gap (FVG) Retest in Progress:
A large FVG has formed between 2.3788 and 2.4512 USDT, which price is now testing.
If price fills this FVG and shows a bullish reaction, the next move is likely upwards.
✅ Order Block (OB) Near 2.2225 USDT Acting as Strong Support:
If price drops further, the next major liquidity zone sits around 2.2225 USDT.
This zone is critical for bounce confirmation.
✅ RSI Showing Overbought Conditions & Possible Cooldown:
RSI at 68.49, indicating it was previously overbought and may need a correction.
If RSI drops to 50–55 range while price stays stable, it confirms bullish momentum is still intact.
2. Trade Setup & Recommendations
✅ Ideal Buy Entry (Long Position)
First Entry Zone: Around 2.38 - 2.41 USDT (Inside FVG) → Conservative buy.
Second Entry Zone: Around 2.27 - 2.30 USDT (Deeper retracement to liquidity grab) → High-risk buy.
Confirmation Needed: Look for a bullish engulfing candle or pin bar before entering.
❌ Stop Loss (SL)
Below 2.22 USDT, since breaking this would invalidate the bullish structure.
🎯 Take Profit (TP) Targets
TP1: 2.48 USDT (Previous Resistance)
TP2: 2.64 USDT (Major Resistance Level)
TP3: 2.75+ USDT (Potential breakout level)
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.