Hi
This trade exploits the current breakout, aiming for the next major structural resistance.
Entry Price $0.03050 Momentum Entry: Enter on a confirmed close above the current resistance but slightly above the immediate price to confirm stability.
Take Profit (TP) $0.03430 A ≈12.5% move, targeting the Daily Structural High (visible on Image
2) at $0.0343149. This is the highest visible resistance cluster.
Stop Loss (SL) $0.02980 Placed just below the $0.0300 pivot point. A drop below here means the breakout was a massive failure/trap.
Risk/Reward ≈1:5.4 (Risk: $0.0007 / Reward: $0.0038) - Exceptional R:R for a competition-level trade.
Short
This is a backup trade only if the breakout fails dramatically.
Entry Price $0.02980 Sell the Failure: Entry on a confirmed close back below the major $0.0300 pivot and the SL for the Long trade.
Take Profit (TP) $0.02800 A ≈6.0% move, targeting the structural support/EMA 200 re-test zone.
Stop Loss (SL) $0.03050 Placed just above the initial short entry and the long entry trigger to ensure tight risk control.
Risk/Reward ≈1:2.5 (Risk: $0.0007 / Reward: $0.0018) - Good R:R for a quick reversal scalp.
This trade exploits the current breakout, aiming for the next major structural resistance.
Entry Price $0.03050 Momentum Entry: Enter on a confirmed close above the current resistance but slightly above the immediate price to confirm stability.
Take Profit (TP) $0.03430 A ≈12.5% move, targeting the Daily Structural High (visible on Image
2) at $0.0343149. This is the highest visible resistance cluster.
Stop Loss (SL) $0.02980 Placed just below the $0.0300 pivot point. A drop below here means the breakout was a massive failure/trap.
Risk/Reward ≈1:5.4 (Risk: $0.0007 / Reward: $0.0038) - Exceptional R:R for a competition-level trade.
Short
This is a backup trade only if the breakout fails dramatically.
Entry Price $0.02980 Sell the Failure: Entry on a confirmed close back below the major $0.0300 pivot and the SL for the Long trade.
Take Profit (TP) $0.02800 A ≈6.0% move, targeting the structural support/EMA 200 re-test zone.
Stop Loss (SL) $0.03050 Placed just above the initial short entry and the long entry trigger to ensure tight risk control.
Risk/Reward ≈1:2.5 (Risk: $0.0007 / Reward: $0.0018) - Good R:R for a quick reversal scalp.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.