$HUMA · Spot, intraday view
Trading volume has picked up noticeably, giving the short-term move some momentum, but I’d only consider going long after it holds firm. What gives me pause is that the close hasn’t broken out of the previous range yet. There may be plenty of activity, but resistance overhead hasn’t been cleared.
Next, I’ll wait for the price to break out of the range and hold above it before considering a follow-through. If it remains stuck inside, I’ll put the idea of chasing the rally aside for now.
Before taking action, this condition must be met: a 15-minute candle must close above 0.03277, then hold on a retest before I consider going long. The breakout candle’s volume ratio must also be above 1.2.
If I can enter near 0.03277, 0.0321475 is the stop-loss level, and 0.034015 is the planned target.
Trading volume has picked up noticeably, giving the short-term move some momentum, but I’d only consider going long after it holds firm. What gives me pause is that the close hasn’t broken out of the previous range yet. There may be plenty of activity, but resistance overhead hasn’t been cleared.
Next, I’ll wait for the price to break out of the range and hold above it before considering a follow-through. If it remains stuck inside, I’ll put the idea of chasing the rally aside for now.
Before taking action, this condition must be met: a 15-minute candle must close above 0.03277, then hold on a retest before I consider going long. The breakout candle’s volume ratio must also be above 1.2.
If I can enter near 0.03277, 0.0321475 is the stop-loss level, and 0.034015 is the planned target.