$PEOPLE just printed a new 24h high at 0.00800, clearing the previous high of 0.007916. After a sideways base, price expanded in one impulsive candle. The breakout level (0.00790–0.00795) is now the key support. While it holds above the base, the bullish structure stays intact.
Trade plan:
Entry: retest of 0.00790–0.00795
SL: 0.00765, below the base. A 4H close under this invalidates the setup.
TP1: 0.00830 (about 1.3R)
TP2: 0.00870 (about 2.7R)
TP3: 0.00920 (about 4.5R)
Bulls need to hold the retest zone and close above 0.00800 with volume. A rejection followed by a loss of 0.00790 shifts this back to a range.
Trade plan:
Entry: retest of 0.00790–0.00795
SL: 0.00765, below the base. A 4H close under this invalidates the setup.
TP1: 0.00830 (about 1.3R)
TP2: 0.00870 (about 2.7R)
TP3: 0.00920 (about 4.5R)
Bulls need to hold the retest zone and close above 0.00800 with volume. A rejection followed by a loss of 0.00790 shifts this back to a range.