Trade Setup: #StopLossStrategies ONDO/USDT (5-Min Chart)
Entry Zone: Price entered long after a Break of Structure (BOS) and a retest of a small Order Block (OB) (marked in red).
Stop Loss (SL): Below the OB area, around 0.7904 — protecting against a false breakout.
Take Profits:
TP1: Near 0.8050, aligned with minor resistance and trendline touch.
TP2: Around 0.8148, just below a previous supply zone.
Logic:
Break of market structure indicates a shift in trend direction.
Retest of the order block offers a high-probability entry.
The trade aligns with bullish momentum and aims for targets before the descending trendline resistance.
Entry Zone: Price entered long after a Break of Structure (BOS) and a retest of a small Order Block (OB) (marked in red).
Stop Loss (SL): Below the OB area, around 0.7904 — protecting against a false breakout.
Take Profits:
TP1: Near 0.8050, aligned with minor resistance and trendline touch.
TP2: Around 0.8148, just below a previous supply zone.
Logic:
Break of market structure indicates a shift in trend direction.
Retest of the order block offers a high-probability entry.
The trade aligns with bullish momentum and aims for targets before the descending trendline resistance.
