1. HTF Key Levels (Major Levels and Liquidity)
Swing High: A strong swing high or resistance level visible on the chart is at $0.024030 (24-hour high: $0.02249).
Swing Low: A major swing low or support level is located near $0.019030 (24-hour low: $0.01962).
Liquidity Area: Buy-side liquidity—consisting of stop-loss orders for short positions—is concentrated above the $0.024030 level, while a sell-side liquidity pool exists near the $0.019030 level.
2. Liquidity Sweep
The price is currently at $0.01977; following a recent decline, it has moved quite close to the swing low ($0.019030).
Data indicates high sell volume, and Open Interest is decreasing rapidly. This suggests that the price may be preparing for a rebound or bounce-back after reaching the liquidity zone below, though bearish pressure remains present.
3. Market Structure
Structure and Direction: On the 4-hour (4h) timeframe, the price is in a downtrend or a corrective movement.
For confirmation of direction, the price needs to break the previous structure on a lower timeframe—demonstrating a "Break of Structure" (BOS) or a trend reversal.
4. Entry Plan (Entry and Risk Management Plan)
Entry Signal: In the current bearish market, avoid taking a long entry impulsively; instead, wait for a reaction from a Fair Value Gap (FVG) or a strong support zone.
Stop Loss: For a long position, the stop loss should be set below the recent swing low of $0.01880.
Risk Management: Considering the current volatility and position data (Long/Short ratio), keep leverage very low and ensure that the risk per trade does not exceed 1%.
Swing High: A strong swing high or resistance level visible on the chart is at $0.024030 (24-hour high: $0.02249).
Swing Low: A major swing low or support level is located near $0.019030 (24-hour low: $0.01962).
Liquidity Area: Buy-side liquidity—consisting of stop-loss orders for short positions—is concentrated above the $0.024030 level, while a sell-side liquidity pool exists near the $0.019030 level.
2. Liquidity Sweep
The price is currently at $0.01977; following a recent decline, it has moved quite close to the swing low ($0.019030).
Data indicates high sell volume, and Open Interest is decreasing rapidly. This suggests that the price may be preparing for a rebound or bounce-back after reaching the liquidity zone below, though bearish pressure remains present.
3. Market Structure
Structure and Direction: On the 4-hour (4h) timeframe, the price is in a downtrend or a corrective movement.
For confirmation of direction, the price needs to break the previous structure on a lower timeframe—demonstrating a "Break of Structure" (BOS) or a trend reversal.
4. Entry Plan (Entry and Risk Management Plan)
Entry Signal: In the current bearish market, avoid taking a long entry impulsively; instead, wait for a reaction from a Fair Value Gap (FVG) or a strong support zone.
Stop Loss: For a long position, the stop loss should be set below the recent swing low of $0.01880.
Risk Management: Considering the current volatility and position data (Long/Short ratio), keep leverage very low and ensure that the risk per trade does not exceed 1%.