Friends, once again I will enter $SAGA es; it’s time to make serious decisions...No fear of success!
$SAGA - 🟢 LONG - Conf 80%
Trading Plan:
Entry: 0.0360
SL: 0.0160
TP1: 0.0527
TP2: 0.0733
TP3: 0.1006
This brutal bullish explosion left a huge wick upward, followed by an equally violent snap back down. After that madness, price went straight back to the base and stopped the bleeding, holding near the zone of the higher moving averages.
A liquidation wick of this kind doesn’t break the macro trend; it only cleans the market. I decided to go long again because the discount from this drop is spectacular and gives us a solid floor on the 4H timeframe. The fall was nearly precise until it touched the 50 EMA, which is defending price as a structural support. At the same time, the 1H RSI dropped to 43.06, completely cooling off the overbought condition.
Trigger the buy at this level because this extremely deep pullback gives us an excellent mathematical advantage. We’ll set the SL well relaxed at 0.0160, far from the noise, so volatility won’t wipe us out while we target a recovery of the upper zone.
The market carried out a natural purge. They generated an aggressive move to catch FOMO-driven retail traders who buy at the top, and immediately afterward they swept them to liquidate all that excess leverage. Now that they shook the tree and flushed out the impatient ones, smart money takes advantage of these discounted prices to reload positions over institutional value zones.
Follow me to see more trading content, and remember not to burn your account, please!
$SAGA - 🟢 LONG - Conf 80%
Trading Plan:
Entry: 0.0360
SL: 0.0160
TP1: 0.0527
TP2: 0.0733
TP3: 0.1006
This brutal bullish explosion left a huge wick upward, followed by an equally violent snap back down. After that madness, price went straight back to the base and stopped the bleeding, holding near the zone of the higher moving averages.
A liquidation wick of this kind doesn’t break the macro trend; it only cleans the market. I decided to go long again because the discount from this drop is spectacular and gives us a solid floor on the 4H timeframe. The fall was nearly precise until it touched the 50 EMA, which is defending price as a structural support. At the same time, the 1H RSI dropped to 43.06, completely cooling off the overbought condition.
Trigger the buy at this level because this extremely deep pullback gives us an excellent mathematical advantage. We’ll set the SL well relaxed at 0.0160, far from the noise, so volatility won’t wipe us out while we target a recovery of the upper zone.
The market carried out a natural purge. They generated an aggressive move to catch FOMO-driven retail traders who buy at the top, and immediately afterward they swept them to liquidate all that excess leverage. Now that they shook the tree and flushed out the impatient ones, smart money takes advantage of these discounted prices to reload positions over institutional value zones.
Follow me to see more trading content, and remember not to burn your account, please!
