Price is consolidating near key equal lows around $1.48–1.50. Liquidity likely sits below these lows, making a sweep into that zone attractive for larger players. Chasing longs here is risky without confirmation.
Plan:
• Wait for a clean sweep below the equal lows
• Look for a strong reclaim of the range back above $1.50 (failed breakdown)
• Entry trigger is confirmation of buyers stepping in after the sweep
If these conditions are met, targeting $2.46 and higher makes sense. No sweep/reclaim = no trade.
Plan:
• Wait for a clean sweep below the equal lows
• Look for a strong reclaim of the range back above $1.50 (failed breakdown)
• Entry trigger is confirmation of buyers stepping in after the sweep
If these conditions are met, targeting $2.46 and higher makes sense. No sweep/reclaim = no trade.
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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.