BANANA31

Trading Strategy Summary

Technical Analysis

Trend: The chart shows a downtrend followed by a potential bullish reversal at the support zone (0.006000), with recent green candles indicating buying pressure.
Support/Resistance: Support at 0.006000 (lower FVG), resistance at 0.006660 (upper FVG). Current price: 0.006374.
Candlestick Patterns: Bullish reversal candles (possible bullish engulfing) at support; bearish rejection candles (long upper wicks) at resistance.
Chart Patterns: Double bottom at 0.006000, signaling a potential reversal.
Volume/Oscillators (Hypothetical): Likely increasing volume on the reversal; RSI possibly rising from oversold, MACD potentially showing a bullish crossover.

Trade Setup

Position: Long (Buy)
Entry: 0.006374 (current price) or on a retest of 0.006000.
Stop Loss: 0.005900 (below support).
Take Profit: 0.006660 (at resistance).
Risk-Reward Ratio: ~2:1 (profit of 0.000286 vs. risk of 0.000474).
Confirmation: Break above 0.006660 with increasing volume and bullish oscillator signals (e.g., RSI rising, MACD crossover).
Risk Management: Risk 1-2% of capital, use low leverage (e.g., 3x) to manage volatility.

Monitoring

Watch for a break above 0.006660 to extend the take-profit target to 0.007000.

Disclaimer: This is for informational purposes only, not financial advice. Conduct your own research and trade responsibly. 🚀📊

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