Cys
Update after the correction 🔥🔥🔥🔥🚀🚀🚀
Technical reading of the price path:
📈 Overall trend: The coin is in a strong upward trajectory supported by FOMO waves (bullish momentum) and high buying momentum, after absorbing the upcoming correction from the $0.9337 bottom.
⚠️ Current risk: Entering directly at current levels ($1.50 - $1.51) carries high risk; due to the price being far from the moving averages (EMA 7 / EMA 21) and the likelihood of liquidity traps (Liquidity Sweeps) forming.
2️⃣ Trading plan and target levels (Trade Setup):
🎯 Safe entry zone: $1.3200 – $1.3800 (wait for a retest of the moving averages and the release of the immediate “inflation” on the RSI indicator).
🚀 First target (TP1): $1.7200 – $1.7700 (previous peak liquidity zone for gradual profit-taking).
💥 Extended target (TP2): $2.1500 – $2.3000 (1.618 Fibonacci extension, provided that the close is confirmed above $1.78).
🛡️ Stop-loss (SL): $1.1800 (only if the 4-hour candle closes below it; to avoid breaking the bullish structure).
3️⃣ Survival tactics from whale traps:
🛑 Avoid buying at the peak: Candles with long upper wicks reflect partial distribution and profit-taking by major holders near $1.77.
🐋 Protection from liquidation wicks: Market makers intentionally hit uncovered stop orders below nearby lows, so it’s preferable that the stop-loss is conditional on a candle close rather than simply touching the price.
Update after the correction 🔥🔥🔥🔥🚀🚀🚀
Technical reading of the price path:
📈 Overall trend: The coin is in a strong upward trajectory supported by FOMO waves (bullish momentum) and high buying momentum, after absorbing the upcoming correction from the $0.9337 bottom.
⚠️ Current risk: Entering directly at current levels ($1.50 - $1.51) carries high risk; due to the price being far from the moving averages (EMA 7 / EMA 21) and the likelihood of liquidity traps (Liquidity Sweeps) forming.
2️⃣ Trading plan and target levels (Trade Setup):
🎯 Safe entry zone: $1.3200 – $1.3800 (wait for a retest of the moving averages and the release of the immediate “inflation” on the RSI indicator).
🚀 First target (TP1): $1.7200 – $1.7700 (previous peak liquidity zone for gradual profit-taking).
💥 Extended target (TP2): $2.1500 – $2.3000 (1.618 Fibonacci extension, provided that the close is confirmed above $1.78).
🛡️ Stop-loss (SL): $1.1800 (only if the 4-hour candle closes below it; to avoid breaking the bullish structure).
3️⃣ Survival tactics from whale traps:
🛑 Avoid buying at the peak: Candles with long upper wicks reflect partial distribution and profit-taking by major holders near $1.77.
🐋 Protection from liquidation wicks: Market makers intentionally hit uncovered stop orders below nearby lows, so it’s preferable that the stop-loss is conditional on a candle close rather than simply touching the price.