$C C/USDT perpetual contract, here's a suggested trade setup:🚀
🔍 Trade Setup: C/USDT (Perpetual)
🕒 Timeframes Observed:
15 min chart: Strong uptrend, breakout in progress, price just hit a local high ($0.46961).
1 hr chart: Clear breakout from consolidation, price action is parabolic, nearing resistance zone.
✅ Bias: Long (Bullish)$C
📈 Entry:
Entry Zone: $0.4650 – $0.4690 (on slight pullback to previous breakout level or MA support).
Confirmation: Look for bullish candlestick reversal (hammer or engulfing) near this zone on 5m–15m chart.
🎯 Targets (TP):
1. TP1: $0.4800
2. TP2: $0.4950
3. TP3: $0.5200 (if momentum remains strong)
🛡️ Stop-Loss (SL):$C
Below support: $0.4560 (15m MA support zone or below last higher low)
Or tighter SL for scalpers: $0.4600
⚠️ Risk Management:
R:R Ratio: Aim for minimum 2:1
Avoid entering on top of the candle wicks – wait for a pullback or retest to reduce risk.
📊 Additional Notes:
Volume: Strong increase in volume confirms momentum.
Order Book: Slight seller dominance (more asks), caution near psychological resistances like $0.50.
RSI/Stoch RSI: Watch for overbought divergence on lower timeframes.