$ALT USDT Long (breakout retest)
Price is ~0.007654 on the 15m chart, pulling back from the HH at ~0.00788 after a sharp breakout above the old LH zone. It's now testing the 0.007654 level, with the Fib band at ~0.00765-0.00751 below and major support at 0.007278.
Entry: 0.00751-0.00765 on a hold of the retest (bullish 15m candle), or a safer entry on a 15m close above 0.00788 (new HH)
Stop loss: 0.00738 (below the Fib band and the breakout base)
TP1: 0.00788 (HH)
TP2: 0.00810 TP3: 0.00830 (only if 0.00788 breaks with volume)
Notes:
Structure has flipped bullish: HL, then a breakout above both LHs. The move up was one big, fast impulse, so a pullback is normal. The last candles are rejecting from the top, so wait for a bullish candle to confirm the hold instead of catching it mid-drop. Skip the trade if a 15m candle closes below 0.00738; that puts price back inside the old range, with 0.007278 as the next support. Volume isn't shown on this chart, so I can't confirm the strength of the breakout. The 15m timeframe is noisy. Risk 1% or less and keep leverage low (3-5x).
Not financial advice.
@Binance Square Official #BitcoinReboundsTo$83K #EthereumLiquidationsHit$356M #BitcoinETFsSee$244MNetOutflows #Binance #ChartSniper
Price is ~0.007654 on the 15m chart, pulling back from the HH at ~0.00788 after a sharp breakout above the old LH zone. It's now testing the 0.007654 level, with the Fib band at ~0.00765-0.00751 below and major support at 0.007278.
Entry: 0.00751-0.00765 on a hold of the retest (bullish 15m candle), or a safer entry on a 15m close above 0.00788 (new HH)
Stop loss: 0.00738 (below the Fib band and the breakout base)
TP1: 0.00788 (HH)
TP2: 0.00810 TP3: 0.00830 (only if 0.00788 breaks with volume)
Notes:
Structure has flipped bullish: HL, then a breakout above both LHs. The move up was one big, fast impulse, so a pullback is normal. The last candles are rejecting from the top, so wait for a bullish candle to confirm the hold instead of catching it mid-drop. Skip the trade if a 15m candle closes below 0.00738; that puts price back inside the old range, with 0.007278 as the next support. Volume isn't shown on this chart, so I can't confirm the strength of the breakout. The 15m timeframe is noisy. Risk 1% or less and keep leverage low (3-5x).
Not financial advice.
@Binance Square Official #BitcoinReboundsTo$83K #EthereumLiquidationsHit$356M #BitcoinETFsSee$244MNetOutflows #Binance #ChartSniper