SOLUSD tradingview.com/x/Nw0wJsuuKey Terms and Zones Explained
1. FVG SUPPORT
FVG = Fair Value Gap: an imbalance in price where the market may come back to "fill" the gap.
This is a demand zone that previously acted as support, and the price is expected to react to it again.
2. SUPPORT AREA (Blue Box)
A highlighted buy zone where buyers previously stepped in.
Traders are watching for price action signals (e.g., bullish candles) in this area to go long.
ENTER LAYER
This is the ideal price range to open a buy trade, around the 201.00 level.
It overlaps with the FVG support and overall support area.
4. STOP TRADE AREA (Below 200.20)
This is your stop loss zone.
If price falls below this level, the setup is invalid, and you should exit the trade to limit losses.
TARGET POINT FIRST – ~202.00
First profit target: a small take profit level to lock in partial gains or move stop to breakeven.
6. TARGET POINT 2ND – ~203.00
Second target: where price might stall or reverse temporarily.
7. LAST TARGET POINT – ~203.99
Final target for this setup.
Strong resistance or a prior high.
BROSS (possibly a typo of "BOS" = Break of Structure): indicates a bearish break of market structure before this setup.
The setup seems to assume that the downtrend is corrective, and a bullish reaction from the support area is anticipated.
