$TREE USDT Long (breakout continuation)
Price is ~0.0470, pushing into the LH/upper trendline resistance at ~0.0471 after reclaiming the 0.0459 level. Note this is a spot chart (TREE/USDT), so no leverage applies.
Entry: 0.0459-0.0465 on a pullback and retest of the 0.0459 level, or a safer entry on a 1h close above 0.0472
Stop loss: 0.0450 (below the 50% level at ~0.0455 and the rising trendline)
TP1: 0.0480 TP2: 0.0485 (upper channel resistance) TP3: 0.0495-0.0500 (only if 0.0485 breaks with volume)
Notes:
Structure is a rising channel with higher lows, and volume is increasing on the push up, which supports the long. Price is at resistance right now, so don't chase. A rejection here likely retests 0.0459. Skip the trade if a 1h candle closes below 0.0450; that breaks the channel support. Risk 1-2% of your account.
Not financial advice.
@Binance Square Official #FedMinutesFocusOnOctoberPause #BinanceLaunchesBinanceIntelligence #EvernorthDelaysNasdaqDebutToOct12 #Binance #ChartSniper
Price is ~0.0470, pushing into the LH/upper trendline resistance at ~0.0471 after reclaiming the 0.0459 level. Note this is a spot chart (TREE/USDT), so no leverage applies.
Entry: 0.0459-0.0465 on a pullback and retest of the 0.0459 level, or a safer entry on a 1h close above 0.0472
Stop loss: 0.0450 (below the 50% level at ~0.0455 and the rising trendline)
TP1: 0.0480 TP2: 0.0485 (upper channel resistance) TP3: 0.0495-0.0500 (only if 0.0485 breaks with volume)
Notes:
Structure is a rising channel with higher lows, and volume is increasing on the push up, which supports the long. Price is at resistance right now, so don't chase. A rejection here likely retests 0.0459. Skip the trade if a 1h candle closes below 0.0450; that breaks the channel support. Risk 1-2% of your account.
Not financial advice.
@Binance Square Official #FedMinutesFocusOnOctoberPause #BinanceLaunchesBinanceIntelligence #EvernorthDelaysNasdaqDebutToOct12 #Binance #ChartSniper