📝 Trade Setup Explanation
Pair: TIA/USDT (Perpetual Swap on OKX)
Timeframe: 2H (2-hour chart)
Indicators/Tools Used: Fibonacci retracement, support/resistance levels, risk-to-reward (RR) box
📊 Technical Breakdown
Fibonacci Levels:
The chart shows a pullback near the 0.146 (1.687) level.
Price is holding just above support around 1.66–1.68, which aligns with a key Fibonacci zone.
Entry Zone:
Current entry is marked around 1.682.
This is just above a short-term support area, making it a logical long entry point.
Stop Loss (Risk):
Positioned at 1.563, slightly below the previous swing low and the 0 Fibonacci level (1.543).
Protects against a deeper downside move.
Take Profit (Reward):
Targeting 1.941, which is close to the 0.382 retracement level (1.918).
This aligns with a strong resistance zone.
Risk-to-Reward Ratio:
The setup offers about 1:2 RR, meaning the potential reward is roughly double the risk.
🎯 Trade Idea
Bias: Bullish (Long)
Entry: ~1.68
Stop Loss: ~1.56
Target: ~1.94
Reasoning: Price is consolidating near Fib support, presenting a potential bounce setup with favorable RR.
👉 This is a swing trade idea based on Fibonacci retracement and support/resistance confluence. Traders should monitor volume and confirmation candles before entering.
Pair: TIA/USDT (Perpetual Swap on OKX)
Timeframe: 2H (2-hour chart)
Indicators/Tools Used: Fibonacci retracement, support/resistance levels, risk-to-reward (RR) box
📊 Technical Breakdown
Fibonacci Levels:
The chart shows a pullback near the 0.146 (1.687) level.
Price is holding just above support around 1.66–1.68, which aligns with a key Fibonacci zone.
Entry Zone:
Current entry is marked around 1.682.
This is just above a short-term support area, making it a logical long entry point.
Stop Loss (Risk):
Positioned at 1.563, slightly below the previous swing low and the 0 Fibonacci level (1.543).
Protects against a deeper downside move.
Take Profit (Reward):
Targeting 1.941, which is close to the 0.382 retracement level (1.918).
This aligns with a strong resistance zone.
Risk-to-Reward Ratio:
The setup offers about 1:2 RR, meaning the potential reward is roughly double the risk.
🎯 Trade Idea
Bias: Bullish (Long)
Entry: ~1.68
Stop Loss: ~1.56
Target: ~1.94
Reasoning: Price is consolidating near Fib support, presenting a potential bounce setup with favorable RR.
👉 This is a swing trade idea based on Fibonacci retracement and support/resistance confluence. Traders should monitor volume and confirmation candles before entering.
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.