Current Structure:
The price is consolidating near 719.47 USDT, testing a key horizontal resistance zone around 730.65 USDT.
A clean breakout above this level with a 1-hour confirmation candle would signal a bullish move.
2. Risk-to-Reward Setup:
Entry: Around 730-735 USDT after confirmation.
Target: 835.55 USDT (previous significant resistance).
Stop-Loss: Below 704.35 USDT, aligning with recent lows.
3. Volume & RSI:
Volume remains steady but needs to increase to support a breakout.
RSI is near 50, suggesting neutral momentum with room for upside.
Long Plan:
I will open a long position if I get a 1-hour bullish confirmation candle above 730.65 USDT.
The setup offers a favorable risk-to-reward ratio (targeting ~835 with a stop near 704).
This trade aligns with bullish expectations on the breakout and retest strategy. Patience for the confirmation is key.
The price is consolidating near 719.47 USDT, testing a key horizontal resistance zone around 730.65 USDT.
A clean breakout above this level with a 1-hour confirmation candle would signal a bullish move.
2. Risk-to-Reward Setup:
Entry: Around 730-735 USDT after confirmation.
Target: 835.55 USDT (previous significant resistance).
Stop-Loss: Below 704.35 USDT, aligning with recent lows.
3. Volume & RSI:
Volume remains steady but needs to increase to support a breakout.
RSI is near 50, suggesting neutral momentum with room for upside.
Long Plan:
I will open a long position if I get a 1-hour bullish confirmation candle above 730.65 USDT.
The setup offers a favorable risk-to-reward ratio (targeting ~835 with a stop near 704).
This trade aligns with bullish expectations on the breakout and retest strategy. Patience for the confirmation is key.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.