๐ Key Support & Resistance Levels: ๐ข 18.41 USDT โ Strong Support / Stop-Loss Level ๐ก 19.00 USDT โ Breakout Zone / Entry Level ๐ด 19.297 USDT โ First Profit Target / Resistance ๐ข 19.913 USDT โ Final Target for Momentum Extension
๐ Momentum Shift Expected: ๐ If the price holds above 19.00 USDT, it could rally towards 19.297 USDT and 19.913 USDT. ๐ A high-volume breakout would further strengthen the bullish trend.
๐ฅ Trade Execution & Risk Management: ๐ Volume Confirmation: Ensure strong buying volume above 19.00 USDT before entering. ๐ Trailing Stop Strategy: Move SL to entry (19.00 USDT) after TP1 (19.297 USDT) is hit.
๐ฐ Partial Profit Booking Strategy: โ Take 50% profits at 19.297 USDT, let the rest run to 19.913 USDT. โ Adjust Stop-Loss to Break-even (19.00 USDT) after TP1 is reached.
โ ๏ธ Fake Breakout Risk: If the price falls below 19.00 USDT, wait for a retest before considering re-entry.
๐ Final Thoughts: โ Bullish Setup โ Holding above 19.00 USDT could lead to higher targets. โ Momentum Shift Possible โ Watch for volume confirmation. โ Risk-Reward Ratio โ 1:0.50 to TP1, 1:1.55 to TP2.
๐ก Stick to the plan, manage risk, and trade smart! ๐๐
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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.