📊 Trade Setup: $XNY USDT (Long)
The price just hit a local peak of 0.06540 and is pulling back. This often creates a "Buy the Dip" opportunity if it holds the current support.
Parameter Level Reasoning
Entry Price 0.00595 - 0.00602 Current market price area; looking for stability near the 1h candle base.
Take Profit (TP) 0.00650 Just below the recent high (major resistance).
Stop Loss (SL) 0.00575 Below the recent swing low to protect against a trend reversal.
💡 Quick Strategy Notes
Trend: The 1-hour trend is clearly bullish (upward), but the RSI (implied by the steep vertical move) is likely high, meaning a brief sideways movement is expected.
Risk/Reward: This setup offers a solid risk-to-reward ratio. You are risking roughly 4% to gain about 8-9%.
Volume: Watch the 24h volume. If it starts dropping significantly while the price falls, the "pump" might be over.
Pro Tip: If the price breaks below 0.00580, the bullish momentum is likely dead for the day, and it’s better to stay out.
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