PEOPLE Potential Buy Setup (4H Order Block Reaction)
🔑Key Levels
🟢Demand Zone (Buy Area):0.02396 – 0.02366
- Entry:0.02396
- ⚠️Stop Loss:** **0.02348** *(below the support zone)*
- 💵Take Profit:0.02689
Setup Conditions:
1. Price Action Context:
- Price reacted after hitting a **4H bullish order block**.
- The only strong bullish zone is **0.02396 – 0.02366**.
2. **Confirmation Required:**
- Wait for price to reach the **demand zone (0.02396 – 0.02366)**.
- Check for **weak bearish momentum** (e.g., RSI > 30, MACD bullish divergence, or low selling volume).
- **15M candle confirmation** (e.g., bullish engulfing, pin bar, or rejection wick).
3. **Risk Management:**
- Enter **only if all conditions align**.
- Avoid if price approaches the zone with **strong bearish momentum**.
🟢Demand Zone (Buy Area):0.02396 – 0.02366
- Entry:0.02396
- ⚠️Stop Loss:** **0.02348** *(below the support zone)*
- 💵Take Profit:0.02689
Setup Conditions:
1. Price Action Context:
- Price reacted after hitting a **4H bullish order block**.
- The only strong bullish zone is **0.02396 – 0.02366**.
2. **Confirmation Required:**
- Wait for price to reach the **demand zone (0.02396 – 0.02366)**.
- Check for **weak bearish momentum** (e.g., RSI > 30, MACD bullish divergence, or low selling volume).
- **15M candle confirmation** (e.g., bullish engulfing, pin bar, or rejection wick).
3. **Risk Management:**
- Enter **only if all conditions align**.
- Avoid if price approaches the zone with **strong bearish momentum**.
Trade active
This position triggered Tp and we got a good profit. I'll publish another idea about PEOPLEUSDT sooon.
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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.