$DOGE
Spotted something worth sharing on this one.
Trade: Long 📈
Entry: 0.0985
Stop Loss: 0.09504
Take Profit: 0.10585
Timeframe: 1H & 30M candles
Price is in a 49.3% discount on the 1 hour chart but shows strong bullish momentum with a recent break of structure. The 5 minute chart shows a bearish trend but price is currently reacting within a fresh bullish fair value gap between 0.09828 and 0.09943. A long entry at 0.0985 targets the untested buy-side liquidity at 0.10585, which aligns with the higher timeframe swing point. The stop is placed at 0.09504, below the lower timeframe bullish fair value gap zone low, providing a risk of approximately 3.5%. This yields a reward-to-risk ratio of approximately 2.1, fitting within the required range. The trade capitalizes on a pullback within the broader bullish structure.
Manage risk first, everything else is secondary.
Spotted something worth sharing on this one.
Trade: Long 📈
Entry: 0.0985
Stop Loss: 0.09504
Take Profit: 0.10585
Timeframe: 1H & 30M candles
Price is in a 49.3% discount on the 1 hour chart but shows strong bullish momentum with a recent break of structure. The 5 minute chart shows a bearish trend but price is currently reacting within a fresh bullish fair value gap between 0.09828 and 0.09943. A long entry at 0.0985 targets the untested buy-side liquidity at 0.10585, which aligns with the higher timeframe swing point. The stop is placed at 0.09504, below the lower timeframe bullish fair value gap zone low, providing a risk of approximately 3.5%. This yields a reward-to-risk ratio of approximately 2.1, fitting within the required range. The trade capitalizes on a pullback within the broader bullish structure.
Manage risk first, everything else is secondary.