📌 Trading plan:
Entry zone: 0.0001750 - 0.0001820 USDT
Stop-loss: 0.0001600 USDT (below key support)
Targets:
🎯 TP1: 0.0002100 USDT
🎯 TP2: 0.0002450 USDT
🎯 TP3: 0.0002750 USDT
⚖️ Risk-reward ratio:
R:R: 1:2.8 (high reward potential with controlled risk)
🔍 Technical analysis:
Market structure shift:
Sharp decline followed by a double bottom structure near 0.0001006 USDT. Recent rise to 0.0002535 USDT indicates increasing momentum.
Support and resistance:
🔻 Key support: 0.0001750 USDT (strong buying interest and bounce zone)
🔺 Key resistance: 0.0002100 USDT, followed by 0.0002450 USDT (both previous peak levels).
Volume profile:
Massive volume increase during the pump to 0.0002535 USDT, indicating accumulation.
Indicator analysis:
RSI: 8.47 (severely oversold, high potential for a rebound)
Williams %R: -96.39 (extreme oversold zone, suggesting a rebound is near)
MACD: bearish crossover, but flattening, indicating a possible shift in momentum.
⚙️ Trade management:
Stop-loss adjustment:
Move SL to the entry after reaching TP1 for risk-free trading.
At TP2, consider following the price to 0.0001950 USDT to secure profits.
Monitoring key levels:
Breakout of 0.0002100 USDT with volume signals strength towards 0.0002450 USDT.
The main decision-making point will be at 0.0002750 USDT if the trend continues.
💡 Final thoughts:
Bias: Bullish reversal 📈
Risk: A breakout below 0.0001600 USDT nullifies the setup.
Overall outlook: Momentum is building on a solid support base; indicators suggest that selling pressure is exhausted. Strong potential for a bounce with clear targets upward.
