Hello, traders! Today we will analyze the BURGER/USDT pair using institutional trading concepts such as order blocks, imbalances, liquidity zones, and Fibonacci levels. Let's go! 🚀
1. General market overview📊
Current price: around 0.33 USDT.
Trend: prolonged downward movement with signs of consolidation.
2. Finding key levels:
Order blocks: a bullish order block is noticeable in the area of 0.30–0.32 USDT on the daily timeframe, where significant buying volume was previously observed.
Imbalances: there is a price gap between 0.33 and 0.34 USDT that the price may aim to fill.
3. Liquidity zones:
Below the current price: area around 0.30 USDT, where buyers' stop-losses may be located.
Above the current price: level 0.40 USDT, a likely cluster zone for sellers' stop-losses.
4. Fibonacci levels:
By stretching the Fibonacci grid from the last maximum to the minimum, we see that the 0.382 level coincides with the 0.38 USDT mark, which enhances the significance of this zone as potential resistance.
5. Trading plan:
Entry point: consider buying in the order block zone of 0.30–0.32 USDT after confirming a reversal on lower timeframes.
Stop-loss: below 0.29 USDT to minimize risk.
Targets:
Target 1: 0.35 USDT — the nearest resistance level.
Target 2: 0.38 USDT — Fibonacci level 0.382.
Target 3: 0.40 USDT — liquidity zone above.
6. Probability of success:
Considering the current market structure and level analysis, the probability of successfully executing this plan is estimated at 60–65%.
7. Recommendations:
Risk management: do not risk more than 2% of your capital on a single trade.
Confirmation: wait for reversal signals on lower timeframes before entering.
Remember that trading in financial markets involves risks. Always conduct your own analysis and follow your trading plan.
Happy trading! 📊🚀