Hi
LONG
Momentum Entry: Enter on a confirmed break and close above the immediate swing high (≈$4,350). This indicates the consolidation is over and the rally is resuming.
Take Profit (TP) $4,500.0 A ≈3.2% move, targeting the major daily resistance at $4,490 and the psychological $4,500 level.
Stop Loss (SL) $4,250.00 Placed precisely at the major pivot point (previous resistance, now strong support) to strictly manage risk. A break below here invalidates the entire pump structure.
Risk/Reward ≈1:2.8 (Risk: $110 / Reward: $140) - Excellent R:R for a strong trend continuation trade.
SHORT
Entry Price $4,248.00 Sell the Failure: Entry on a confirmed close below the critical $4,250 support, which would signal a large liquidity grab.
Take Profit (TP) $4,205.00 A ≈1.0% move, targeting the $4,200 psychological support, which was the first level reclaimed during the pump.
Stop Loss (SL) $4,300.00 Placed above the last hourly low and below the current high. If the price reclaims $4,300, the short is invalid.
Risk/Reward ≈1:0.8 (Risk: $52 / Reward: $43) - Lower R:R, strictly a defensive scalp.
LONG
Momentum Entry: Enter on a confirmed break and close above the immediate swing high (≈$4,350). This indicates the consolidation is over and the rally is resuming.
Take Profit (TP) $4,500.0 A ≈3.2% move, targeting the major daily resistance at $4,490 and the psychological $4,500 level.
Stop Loss (SL) $4,250.00 Placed precisely at the major pivot point (previous resistance, now strong support) to strictly manage risk. A break below here invalidates the entire pump structure.
Risk/Reward ≈1:2.8 (Risk: $110 / Reward: $140) - Excellent R:R for a strong trend continuation trade.
SHORT
Entry Price $4,248.00 Sell the Failure: Entry on a confirmed close below the critical $4,250 support, which would signal a large liquidity grab.
Take Profit (TP) $4,205.00 A ≈1.0% move, targeting the $4,200 psychological support, which was the first level reclaimed during the pump.
Stop Loss (SL) $4,300.00 Placed above the last hourly low and below the current high. If the price reclaims $4,300, the short is invalid.
Risk/Reward ≈1:0.8 (Risk: $52 / Reward: $43) - Lower R:R, strictly a defensive scalp.
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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.