Let's calculate a strategy for an intraday long based on the current 15-minute chart #COOKIEUSDT $COOKIE
📊 Current Data:
Price: 0.2545
EMA(7): 0.2522
EMA(25): 0.2469
RSI: 72 (overbought — a pullback is possible)
Last high: 0.2557 (local resistance)
Volume is increasing
🎯 Trading Plan (Intraday Long)
✅ Entry (Buy Entry):
💡 Best: on a pullback to EMA(7)
👉 Entry level: 0.2520–0.2530
🛑 Stop-loss (SL):
Below EMA(25) and the last low
👉 SL: 0.2485
🥅 Take Profit (TP):
TP1 (conservatively): 0.2565 — breakout of the previous high
TP2 (aggressively): 0.2595–0.2620 — next target in the trend with good volume
(can use trailing stop upon reaching TP1)
🧮 Risk/Reward:
Risk: ~0.0045 (from 0.2525 to 0.2480)
Potential: ~0.0060–0.0095
Risk/Reward Ratio: ~1:1.5 to 1:2.1
🚨 Conditions for trade cancellation:
Price drops below 0.2480 on strong volume → reversal is likely.
RSI falls below 50 → bullish momentum weakens.