$ATH is still holding a decent 1H structure ๐
Price pushed from around 0.00435 to 0.00559 before taking a breather. The pullback is pretty normal after that move, and price is still sitting above the 0.00497 Supertrend.
I wouldnโt chase the spike here. A cleaner entry would be around the nearby support zone.
Entry: 0.00505 to 0.00515
SL: 0.00490
TP1: 0.00540
TP2: 0.00559
TP3: 0.00585
The main level is 0.00559. A clean 1H breakout and hold above that high could give the next move some room toward 0.00585.
For the downside, 0.00497 is the level Iโd keep close attention on. Losing the Supertrend would weaken the bullish setup and make a deeper retracement more likely.
The order book is also showing stronger bids right now, which is a nice little positive, but Iโd still wait for price confirmation rather than relying on the book alone.
Bias: Bullish above 0.00497
Breakout trigger: 0.00559
Key support: 0.00497 to 0.00505
The trend looks good, but after a sharp move like this, patience is probably the better play. Let the retest come to you. ๐
Not financial advice. Manage your risk.
#ATH
Price pushed from around 0.00435 to 0.00559 before taking a breather. The pullback is pretty normal after that move, and price is still sitting above the 0.00497 Supertrend.
I wouldnโt chase the spike here. A cleaner entry would be around the nearby support zone.
Entry: 0.00505 to 0.00515
SL: 0.00490
TP1: 0.00540
TP2: 0.00559
TP3: 0.00585
The main level is 0.00559. A clean 1H breakout and hold above that high could give the next move some room toward 0.00585.
For the downside, 0.00497 is the level Iโd keep close attention on. Losing the Supertrend would weaken the bullish setup and make a deeper retracement more likely.
The order book is also showing stronger bids right now, which is a nice little positive, but Iโd still wait for price confirmation rather than relying on the book alone.
Bias: Bullish above 0.00497
Breakout trigger: 0.00559
Key support: 0.00497 to 0.00505
The trend looks good, but after a sharp move like this, patience is probably the better play. Let the retest come to you. ๐
Not financial advice. Manage your risk.
#ATH
