$OG /USDT Bullish Trade Setup (Breakout Strategy)
Entry:
Buy on breakout confirmation above 5.36 USDT
Ideal: Wait for a 1H or 4H candle close above 5.36 with strong volume.
Stop-Loss (SL):
Place SL below recent support zone:
Primary SL: 5.18 USDT (below neckline)
Tighter SL (for aggressive trade): 5.24 USDT (below breakout candle low)
Take-Profit (TP) Targets:
TP1: 5.75 USDT (recent swing high zone)
TP2: 6.10 USDT (measured move from inverse H&S)
TP3: 6.50–7.00 USDT (psychological and historical resistance)
Risk-Reward Ratio (RRR):
Aim for at least 1:2 or better.
Example: Entry at 5.36, SL at 5.18 (0.18 risk), TP1 at 5.75 (0.39 reward) gives ~1:2.2 RRR.
Position Sizing:
Based on your risk tolerance — e.g., risking 1% of your capital on this trade.
Additional Notes:
If price pulls back and retests 5.20–5.25 and forms a bullish reversal candle (e.g., hammer), consider that as a secondary entry opportunity.
Watch BTC/ETH movements as they may affect overall market sentiment.
Trade Here on $OG #BinanceAlphaAlert