$PTB - 🟢 LARGO - Conf 80%
Trading Plan:
Entry: 0.00105 – 0.00111
SL: 0.00084
TP1: 0.00119
TP2: 0.00133
TP3: 0.00150
After a monumental bullish run that left several trapped buyers buying at the top due to FOMO, $PTB hit the brakes and gave us a quick, deep correction. The price dropped hard, but it found a floor millimetrically on our main bullish trendline, respecting the structure perfectly.
I’m fully bullish on this setup, and I decided to trigger my long entry because the market did exactly the purge we needed to clean up the excess leverage. If you look at the 1H chart, the retracement came to seek liquidity in the discount zone, bounced precisely while leaning on the trendline, and then before losing the 50-period EMA. Dropping to 15 minutes, the technical confirmation is crystal clear: the RSI went from an extreme overbought condition to resetting at 51.40, cooling the indicators and giving us plenty of room for a new push. I decided to enter in this zone because the trade’s asymmetry is second to none; the Stop Loss (0.00084) is fully protected below dynamic support and the higher moving averages. We risk a minimal portion of capital in exchange for a huge move, aiming to neutralize the liquidity exposed in the previous highs.
Basically, the smart money absorbed all the sell pressure from the scared rookies during the drop. The sideways consolidation we’re seeing now along the 15m trendline indicates that selling pressure has completely dried up. Strong hands have no intention of breaking the macro structure to the downside; they simply built an accumulation zone to reload positions before continuing with the dominant inertia. The setup is ready, and the statistical edge is on our side.
Follow me to see more trading content.
Click here to trade 👇
Trading Plan:
Entry: 0.00105 – 0.00111
SL: 0.00084
TP1: 0.00119
TP2: 0.00133
TP3: 0.00150
After a monumental bullish run that left several trapped buyers buying at the top due to FOMO, $PTB hit the brakes and gave us a quick, deep correction. The price dropped hard, but it found a floor millimetrically on our main bullish trendline, respecting the structure perfectly.
I’m fully bullish on this setup, and I decided to trigger my long entry because the market did exactly the purge we needed to clean up the excess leverage. If you look at the 1H chart, the retracement came to seek liquidity in the discount zone, bounced precisely while leaning on the trendline, and then before losing the 50-period EMA. Dropping to 15 minutes, the technical confirmation is crystal clear: the RSI went from an extreme overbought condition to resetting at 51.40, cooling the indicators and giving us plenty of room for a new push. I decided to enter in this zone because the trade’s asymmetry is second to none; the Stop Loss (0.00084) is fully protected below dynamic support and the higher moving averages. We risk a minimal portion of capital in exchange for a huge move, aiming to neutralize the liquidity exposed in the previous highs.
Basically, the smart money absorbed all the sell pressure from the scared rookies during the drop. The sideways consolidation we’re seeing now along the 15m trendline indicates that selling pressure has completely dried up. Strong hands have no intention of breaking the macro structure to the downside; they simply built an accumulation zone to reload positions before continuing with the dominant inertia. The setup is ready, and the statistical edge is on our side.
Follow me to see more trading content.
Click here to trade 👇
