Smart money just swept the local liquidity bottoms, paving the way for a clear reversal structure.
I'm looking at the hourly timeframe for coin $BLESS in this file 1000305924.jpg, and the trend has turned bullish after finding a solid bottom. The price recently dipped to a low of $0.009295 but has reclaimed the immediate support zone with good buying strength coming in. I've noticed that the moving averages are starting to trend upwards now, indicating that buyers are regaining control.
My trading plan is based on the newly formed market structure. Since the short-term trend on the hourly is upward, I'm planning a long position from a slight retracement area. I expect the price to continue rising to clear the liquidity sitting near the local tops.
Here’s my precise plan for this trade:
Direction: Buy (Long)
Entry Price: $0.010400
Stop Loss: $0.009800
First Target: $0.011000
Second Target: $0.011600
The calculations here perfectly match a risk-to-reward ratio of 1:2. The distance from the entry price to the stop loss is exactly $0.000600, while the distance from entry to the second target is exactly $0.001200, which is double the initial risk. I'm keeping a close watch on this area to see if buyers will hold this level.
I'm looking at the hourly timeframe for coin $BLESS in this file 1000305924.jpg, and the trend has turned bullish after finding a solid bottom. The price recently dipped to a low of $0.009295 but has reclaimed the immediate support zone with good buying strength coming in. I've noticed that the moving averages are starting to trend upwards now, indicating that buyers are regaining control.
My trading plan is based on the newly formed market structure. Since the short-term trend on the hourly is upward, I'm planning a long position from a slight retracement area. I expect the price to continue rising to clear the liquidity sitting near the local tops.
Here’s my precise plan for this trade:
Direction: Buy (Long)
Entry Price: $0.010400
Stop Loss: $0.009800
First Target: $0.011000
Second Target: $0.011600
The calculations here perfectly match a risk-to-reward ratio of 1:2. The distance from the entry price to the stop loss is exactly $0.000600, while the distance from entry to the second target is exactly $0.001200, which is double the initial risk. I'm keeping a close watch on this area to see if buyers will hold this level.