Here’s a clear PLUME$BTC
/USDT (4H timeframe) breakdown from your chart:
Market Structure:
Price formed a base near 0.0111 and pushed upward, but currently facing rejection around 0.0136. Structure is range-bound with slight bullish bias, not a strong trend yet.
Key Levels:
Resistance: 0.0132 – 0.0137
Support: 0.0122 – 0.0120
Major Support: 0.0111
Current Situation:
Price is around 0.0126, pulling back after rejection. This looks like a normal retracement inside a range, not a breakdown yet.
Trade Ideas:
Bullish Setup (Range Buy):
Entry: 0.0120 – 0.0123
Target: 0.0133 – 0.0138
SL: 0.0117
Breakout Setup:
Entry: Above 0.0137 (confirmed breakout)
Target: 0.0145+
SL: 0.0129
Bearish Scenario:
Entry: If price loses 0.0120
Target: 0.0112
SL: 0.0128
Important Insight:
This is a range market, so best strategy is buy support & sell resistance until a clear breakout happens. Avoid chasing mid-range trades.
If you want, I can .