SOPH/USDT Analysis School #smc and School #اليوت #التحليل_الفني with a special deal
SMC School:
Liquidity has been accumulated at the bottom areas, then a violent structural break occurred and a very strong rise (clear institutional movement). There is a strong breakthrough in the previous supply zones and confirmation of a trend change to bullish.
Elliott:
We formed five strong upward waves in the last movement, and the last wave was very impulsive, supporting the continuation of the rise after a slight correction.
Classical Analysis:
There was a support area near 0.011, then a double bottom pattern formed and a violent breakout of the 0.014 resistance, with very strong bullish candles indicating high buying momentum.
Proposed Future Deal:
- Direction: Bullish
- Entry: Buy on re-testing 0.0155 - 0.0162
- Target: 0.0205 then 0.022
- Stop Loss: Hourly close below 0.0145
Please pay attention to capital management due to high momentum and the possibility of rapid corrections.
