Evaluation of Entry Points and Target Versus Stop Loss (Risk/Reward)
Entry Zone: Between 0.08850 and 0.09000
Stop Loss: Above 0.09400 (approximately 4.4% to 6.2% risk)
Targets:
First Target: 0.08600
Second Target: 0.08400
Third Target: 0.08200
Fourth Target: 0.08000
2. Important Technical Notes Before Execution
Dealing with High RSI (91):
Strong RSI is an excellent indicator of overbuying, but in fast-moving crypto markets it may remain in elevated regions for a while while new highs are formed (Liquidity Sweep) before the actual reversal.
Testing the Previous High (0.09000):
Entering directly at 0.09000 may be risky if market makers decide to sweep the liquidity above the high.
Best Scenario: Wait until you see a candle close (15 minutes or 1 hour) below the 0.08850 level to confirm the break of the upward momentum and a reversal signal, or enter after a long upper wick appears (Rejection Wick) at the high.
3. Trade Management Advice
Secure the Trade: Once the price reaches the first target (0.08600), move the stop loss immediately to the Entry Price to protect capital.
Take Profit: It’s preferable to close 50% of the position at the first and second targets, leaving the remainder for the farther targets (0.08200 and 0.08000).$SKY
$ICP $AAVE
Entry Zone: Between 0.08850 and 0.09000
Stop Loss: Above 0.09400 (approximately 4.4% to 6.2% risk)
Targets:
First Target: 0.08600
Second Target: 0.08400
Third Target: 0.08200
Fourth Target: 0.08000
2. Important Technical Notes Before Execution
Dealing with High RSI (91):
Strong RSI is an excellent indicator of overbuying, but in fast-moving crypto markets it may remain in elevated regions for a while while new highs are formed (Liquidity Sweep) before the actual reversal.
Testing the Previous High (0.09000):
Entering directly at 0.09000 may be risky if market makers decide to sweep the liquidity above the high.
Best Scenario: Wait until you see a candle close (15 minutes or 1 hour) below the 0.08850 level to confirm the break of the upward momentum and a reversal signal, or enter after a long upper wick appears (Rejection Wick) at the high.
3. Trade Management Advice
Secure the Trade: Once the price reaches the first target (0.08600), move the stop loss immediately to the Entry Price to protect capital.
Take Profit: It’s preferable to close 50% of the position at the first and second targets, leaving the remainder for the farther targets (0.08200 and 0.08000).$SKY
$ICP $AAVE
