Long $DRIFT Trading Plan
Timeframe: 1H (Short-Term Setup)
🔹 Entry Zone (Buy-in):
Breakout Entry: Enter on break and close above $0.747 (previous high).
Pullback Entry: Safer buy zone between $0.690 – $0.710, if support holds.
🔹 Stop-Loss (SL):
Conservative SL: below the breakout candle low — around $0.670
Tight SL: just under consolidation zone — around $0.690
🔹 Take-Profit Targets (TP):
TP1: $0.780
TP2: $0.820
TP3: $0.870+ (if momentum sustains)
🔹 Technical Signals:
Volume spike confirms strength of breakout.
Sideways consolidation after breakout suggests accumulation, not selling.
Look for a bullish engulfing or hammer candle to confirm re-entry.
🔹 Risk Management:
Use no more than 3% of total capital for high-volatility entries.
Adjust SL upward as price moves in favor.
If price breaks $0.747 with solid volume again, this could launch the next leg up. But wait for confirmation to avoid fakeouts.
