It is currently testing a key support zone around 0.1390ā0.1430 USDT (marked in red).
The latest candle shows a rejection wick from this support zone, indicating buying pressure.
Momentum is slowing down on the downside, and buyers are starting to show interest again.
Support Zone:
Strong demand around 0.1390ā0.1430 USDT, tested multiple times.
Resistance Levels:
Minor resistance at 0.1500ā0.1530 USDT.
Next key resistance near 0.1600 USDT.
Candle Pattern:
Potential bullish reversal candle (long wick rejection) from support zone.
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š” Intraday Trading Signal (Buy Setup)
š¢ Trade Type: Long (Buy)
ā° Timeframe: 4H (Intraday swing)
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ā Entry Zone:
Buy between 0.1440 ā 0.1460 USDT
š Stop Loss (SL):
Below the support zone:
ā SL at 0.1375 USDT (Just below the lower bound of the demand zone)
šÆ Take Profit Targets:
TP1: 0.1500 USDT (near minor resistance)
TP2: 0.1575 USDT (swing high area)
TP3 (Optional for runners): 0.1650 USDT (if momentum picks up)
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āļø Risk-Reward Ratio:
TP1: ~1:1
TP2: ~2:1
TP3: ~3:1+
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š Alternative Scenario (Invalidation):
If price closes strongly below 0.1380 USDT on the 4H chart, bullish setup invalidates.
In that case, wait for a fresh setup or breakdown retest for shorting opportunities.
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š Summary:
Parameter Value
Trade Direction Long (Buy)
Entry Zone 0.1440 ā 0.1460 USDT
Stop-Loss 0.1375 USDT
Take-Profit 1 0.1500 USDT
Take-Profit 2 0.1575 USDT
Take-Profit 3 0.1650 USDT (Optional)