1. Key Support and Resistance Levels Resistances (Selling Zones / Ceilings) Immediate Resistance ($0.0768): This is the high of the recent candle. The order book shows a sell wall of 1.02 M ZAMA concentrated at this level.
Main Resistance / 24h High ($0.0783): This is the highest point reached in the last 24 hours. Breaking above this level would confirm the continuation of the daily uptrend (+16.57%). Supports (Buying Zones / Floors) Dynamic Support / Supertrend ($0.0758 - $0.0750): The Supertrend indicator (10,3) turned green and marks a support level at $0.0758. The $0.0750 zone acts as psychological support and a level of prior consolidation. Critical Intraday Support ($0.0739): The most recent local low. If the price falls below this level, it would invalidate the short-term bullish structure. 2. Order Book Analysis Buy-side dominance: 76.64% of the pressure in the order book comes from demand (buy orders), compared with just 23.36% from supply. Significant buy block: There is substantial liquidity on the bid at $0.0766 (more than 4.12 M ZAMA), serving as a buffer to absorb price moves in the very short term.
3. Staggered Trading Plan (Trading Strategy) Risk management note: Volatility is high on 5-minute charts. It is recommended to risk no more than 1% to 2% of total capital per trade and to use conservative leverage. Strategy A: Entry on a Pullback to Support (Higher Probability) Entry Point (Long): Place a limit order or wait for confirmation in the Supertrend support zone between $0.0755 and $0.0758. Stop Loss (Risk Management): Set the stop below $0.0748 (approximately 1.3% risk from the entry point). Profit Targets (Take Profit): TP 1 ($0.0768): Sell 50% of the position (+1.5% profit). TP 2 ($0.0783): Sell the remaining 50% near the daily high (+3.3% profit).
Identify areas in the charts where demand exceeds supply, increasing the price (demand zone), or where supply suppresses demand, decreasing the price (supply areas). Most supply and demand traders wait for prices to enter these areas where most buying and selling takes place before entering a long or short position. What happens if demand exceeds supply? If supply and demand both increase, an increase in supply will lower the price and an increase in demand will raise the price. If the effect of the increase in supply is greater than the effect of the increase in demand, the price will fall. If the effect of the increase in demand is large, the price increases.
Little by little I’ve learned to understand the price trend. I’ll go at my own pace, without rushing, learning more about trading every day, with dedication, discipline, and always making some time for it.
Postscript: I recommend reading John Murphy’s book Technical Analysis of the Financial Markets. It’s really very good—I'm still reading it.