Got it đ Youâre looking for a long trade setup on the 15-minute timeframe based on this chart. Letâs break it down step by step:
Chart Observations:
Pair: PUMPUSDT
Timeframe: 15m
Current price: 0.004098
Strong ascending trendline (orange) acting as support.
Multiple demand zones (green boxes) below price.
Price just broke above the 0.004000 resistance zone with momentum.
Long Trade Setup:
Entry Zone:
Best entry is on retest of 0.004000 â 0.003950 (previous resistance â now support).
Alternatively, aggressive entry can be taken at current price 0.004090 but with tighter stop.
Stop Loss (SL):
Conservative: below 0.003900 (trendline + demand zone).
Aggressive: below 0.003950 (just under breakout level).
Take Profit (TP) Targets:
TP1: 0.004200
TP2: 0.004300
TP3: 0.004500 (if bullish momentum continues).
Risk/Reward:
Enter at 0.004000 â 0.004050,
SL: 0.003900 (~2.5% risk),
TP1: 0.004200 (~5% reward).
This gives around 1:2 R:R ratio (good setup).
â Trade Plan Summary:
Wait for price to retest 0.0040 support.
Enter long around 0.0040 â 0.00405.
Stop loss below 0.00390.
Target 0.00420 / 0.00430 / 0.00450 step by step.