$SUSDT | Limit Long #4H๐ Current Situation:
A deviation of the key level occurred, followed by a strong recovery and consolidation on the 1H timeframe.
The price rebounded from a critical zone, showing a local reversal.
๐ฏ Trading Plan:
๐น Entry Zone: Limit orders in the range of 0.6828 - 0.6670 (1H OB cluster).
๐น Stop-Loss: Placed below 0.6524, as marked on the chart.
๐น Target: Potential upside towards 0.88 - 0.90 as part of a mid-term recovery.
๐ Justification:
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Technical Support: The price bounced off a strong demand zone.
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Market Structure: Possible formation of an Inverse Head and Shoulders pattern.
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Risk/Reward: Favorable R/R ratio, with strong support below current levels.
๐ก Conclusion:
The trade setup is justified in terms of risk management and market structure. However, it's crucial to consider BTC's overall trend, as it impacts the entire altcoin market.