#MyCOSTrade #KouachiSignals $WCT
🔄 Adjust your trading plan based on the new price action:
Cancel the pending sell order at 0.4860
Reason: The price failed to reach the level and formed a new high at 0.4803 (below the target).
New resistance levels for selling (channel redrawing):
Immediate resistance: 0.4750 (previous low turned resistance + 50% mini-Fibonacci retracement).
Optimal sell level: 0.4720 (end of the 61.8% retracement on the hourly chart).
Required confirmation: A rejection candle (red doji or shooting star).
Modified Entry Points for Selling:
Trade Entry Stop Loss Target 1 Target 2
Futures 0.4720 0.4820 (+2.1%) 0.4550 0.4400
Spot 0.4750 0.4850 (+2.1%) 0.4600 0.4450
📉 Current Situation Analysis (Price 0.4668):
Instant Indicators:
HRI: 28 (oversold) - but no reversal.
MA (20): 0.4805 → Price below the average with an extension.
Volume: Selling volume increased by 40% during the breakout candle.
Possible Scenario:
Immediate Downside: A break of 0.4650 supports the target of 0.4500.
Technical Correction: A bounce to 0.4720-0.4750 (a new selling opportunity).
⚡ Recommended Immediate Actions:
Current Sell Trades:
Enter immediately at 0.4660-0.4670 (maximum 50% of planned volume).
Stop Loss: 0.4755 (above new resistance).
Targets:$WCT
Quick Target: 0.4550 (June 4 support).
Intermediate Target: 0.4400 (key liquidity level).
Contrarian Buy Trades:
Entry Conditions:
Price rebound from 0.4600 with a green Hammer candle.
Confirm RSI > 30 with a bullish MACD crossover.
Targets:
Sell at 0.4750 (no more than 2% profit margin).
📍Risk Management in the Current Market:
Adjust Stop Loss:
Move it to 0.4755 from 0.4860.
Use a 1.5% trailing stop after the 0.4550 breakout.
Trade Distribution:$WCT
|| Sell at 0.4670 || Sell on a bounce ||
|----------------------------|
| 70% of the trade size | 30% (if it reaches 0.4720) |
📬 Critical Note:
"The market confirmed bearish dominance after the 0.4700 breakout. Waiting for a bounce may be an uncalculated risk. Better:
Partially sell at current levels.
Reserve the remaining portion for sale at new resistance levels (0.4720-0.4750)."
Channel Adjustment
(Modified price channel after the 0.4700 breakout - entry at the upper channel boundary).