Current price: $0.522
Bullish Scenario (Breakout Play)
Entry: $0.53–$0.55 (confirmation above recent horizontal resistance)
Stop-loss: $0.48 (below recent swing low & breakout level)
Take Profit Targets:
TP1: $0.68 (previous high before breakdown)
TP2: $0.88 (mid-range supply zone)
TP3: $1.20–$1.25 (major supply zone marked on your chart)
Pullback Buy Plan
Entry: $0.50–$0.51 (retest of broken trendline & resistance-turned-support)
Stop-loss: $0.46
Take Profit Targets: same as above
Risk Management
Risk max 1–2% of account per trade.
Consider taking partial profits at TP1 and moving stop to breakeven.
Avoid chasing if price pumps too far above entry zone without retest.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.