🎯 LONG SETUP – $TRADOOR 🎯
Entry Zone: 1.218 - 1.160
Stop Loss: 1.050
Take Profit Targets:
∙ TP1: 1.400
∙ TP2: 1.600
∙ TP3: 1.850
🔥 Bullish Justification
$TRADOOR has just gone through a strong dump from ATH 6.678 down to 1.045 and is currently in a consolidation phase at the bottom. The price has created a bottom at 1.045 and is bouncing back, testing the MA(7) at 1.165 with a price structure beginning to form higher lows. Short-term momentum is turning positive with a daily increase of 5.57% and 15.91% over 30 days, indicating that selling pressure is gradually decreasing.
Volume is showing signs of recovery with a 5-day MA volume at 7.08M compared to the current volume of 3.32M, indicating that interest is returning. The price is currently below the 25-day MA at 1.540 but is trying to hold above the 7-day MA, laying the groundwork for a recovery. A strong support zone at 1.04 - 1.10 has been tested multiple times and holds firm, while the nearest resistance at 1.54 creates a reasonable target for the first upward move.
This setup has a high probability because the price is in the oversold region after a 55.25% drop over 90 days, creating a buying opportunity at the bottom. The buy-sell ratio of 45.69% vs 54.31% is gradually balancing, indicating that selling pressure is weakening. A strong liquidity pool accumulated in the 1.00 - 1.10 range will act as solid support, while the 1.50 - 1.60 range is a short-term target with an attractive R:R ratio above 2:1.
