1st TP Hit, waiting for the next TP2 to Hit.

📈 Price Action Summary

Current Price: $1.459

24h Change: +40.42% — significant bullish momentum

24h High: $1.794

24h Low: $0.988

Mark Price: $1.461

Volume: High activity — 818.35M LA and 1.14B USDT traded

Fibonacci Retracement Analysis

The Fibonacci levels are drawn from the swing low at $0.988 to the swing high at $1.795. Key levels:

Level Price Status

0.236 $1.658 Resistance
0.382 $1.573 Rejected
0.5 $1.504 Currently near this level
0.618 $1.436 Support area
0.786 $1.338 Deeper support
1.0 $1.213 Full retracement

Price is currently hovering around the 0.5 Fibonacci level, which is often a key decision zone.

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🕯️ Candlestick Pattern

After a strong bullish impulse from ~$0.988 to ~$1.795, there's a pullback happening.

The most recent candles show selling pressure, but the price is stabilizing near the 0.5 level, indicating possible buying interest or consolidation here.

⚡ SCALPING TRADE SETUP (Short-Term: 15min–1hr)

Goal: Quick profits from short moves within a small price range.

✅ Buy (Long) Setup

Entry Zone: $1.436 – $1.459 (around 0.618–0.5 Fib level)

Stop Loss: $1.420 (just below 0.618 retracement)

Target 1: $1.504 (0.5 Fib level)

Target 2: $1.573 (0.382 Fib level)

📈 Risk-Reward Ratio: Around 1:1.5

Reasoning:

Strong bounce from 0.618 Fib.

Price stabilizing around 0.5 zone — ideal for a quick bounce. #LAUSDT