๐ PTB Long Setup in Focus ๐
Trading Plan:
Bias: Long
Entry: 0.003170 - 0.003220
SL: 0.003140
TP1โTP3: 0.003350 / 0.003500 / 0.003850
Technical Analysis:
The current price action on the 15-minute timeframe represents a corrective pullback, creating a potential buying opportunity. Price is currently testing a support level established around the 0.003165 low. The primary confirmation for a long entry is the Relative Strength Index (RSI) entering oversold territory (below 30), which suggests that selling pressure is exhausted and a reversal or significant bounce is likely. A sustained move back above the short-term exponential moving averages would confirm bullish momentum is returning.
Invalidation:
Only a break below 0.003140 would invalidate this potential bounce setup.
PTBUSDT
Prep
0.003313
-4.08%