$FORM š FORM/USDT Trade Setup š
š¹ Trade Plan:
ā Entry Zone: $1.75 ā $1.85
ā Stop Loss: $1.65 (Below key support)
šÆ Target 1: $2.08
šÆ Target 2: $2.37
šÆ Target 3: $2.66
š¹ Risk-Reward Ratio:
š° Favorable (RRR: ~3:1) ā Solid upside potential with well-defined risk.
š¹ Technical Breakdown:
š Market Structure Shift: Breakout from consolidation with increasing volume.
š Key Support: $1.65 ā Holding above this keeps the bullish trend intact.
š Resistance Levels: $2.08, $2.37, $2.66 (Targets).
š Volume Profile: Strong accumulation around $1.70 - $1.80, confirming buying interest.
š Market Correlation: Aligning with broader altcoin recovery, potential bullish momentum.
š¹ Trade Management:
š¹ Adjust Stop Loss to breakeven ($1.85) after hitting $2.08.
š¹ Partial Profit at T1, let runners aim for T2 & T3.
š¹ Monitor RSI & Volume ā Any divergence may signal trend reversal.
š¹ Final Thoughts:
ā Bullish Bias ā Breakout confirmation with strong volume.
ā ļø Risk: If Bitcoin weakens or breaks below key support, altcoins may retrace.
š„ Plan your trade, trade your plan! š„ #Crypto #Binance #FORMUSDT