$VIB - Long Trade Setup
1. Market Overview:
* Price: $0.004891
* Recent High: $0.005108
* Recent Low: $0.004744
* Local Support: Around $0.004863
* Local Resistance: Around $0.004956–$0.00500
Price recently fell from a local top and is now consolidating with small-bodied candles (indecision zone). This often precedes a breakout move.
2. Strategy Update
Scalp/Bounce Setup (Low Risk)
* Entry: $0.00486–0.00488 (close to support)
* Stop Loss: $0.00482
* TP1: $0.00495 (MA25 area)
* TP2: $0.00505 (near resistance wick)
* Risk/Reward: ~1:2
Breakout Play (Confirmation Entry)
* Entry: On 15min candle close above $0.00496 (clear of MA25)
* Stop Loss: $0.00489
* Target: $0.00508–$0.00512
Wait for high volume breakout and candle close above resistance
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