TRADE SETUP: RE/USDT (1-Hour Timeframe)🟢
Action: BUY / LONG
Current Price (CMP): $0.6235
Entry Zone: $0.6190 – $0.6235
Target Objective (TP): $0.7460
Risk Cut-off (SL): $0.5901
🔍The Breakdown:
Symmetrical Triangle Breakdown and Retest: The price action initially formed a compressing symmetrical triangle pattern (demarcated by the purple trendlines) and experienced a sharp breakout attempt that was rejected at the $0.7513 horizontal line (yellow line).
Support Confirmation: Following the rejection, the asset has retraced to retest the lower ascending support boundary of the macro structure. Entering at the current levels positions long at a critical trend intersection, providing an asymmetric risk-to-reward ratio targeting a retest of the overhead liquidity pool near $0.7460.
✅Click here to trade👇
$RE
#thegreenman
Action: BUY / LONG
Current Price (CMP): $0.6235
Entry Zone: $0.6190 – $0.6235
Target Objective (TP): $0.7460
Risk Cut-off (SL): $0.5901
🔍The Breakdown:
Symmetrical Triangle Breakdown and Retest: The price action initially formed a compressing symmetrical triangle pattern (demarcated by the purple trendlines) and experienced a sharp breakout attempt that was rejected at the $0.7513 horizontal line (yellow line).
Support Confirmation: Following the rejection, the asset has retraced to retest the lower ascending support boundary of the macro structure. Entering at the current levels positions long at a critical trend intersection, providing an asymmetric risk-to-reward ratio targeting a retest of the overhead liquidity pool near $0.7460.
✅Click here to trade👇
$RE
#thegreenman
