Trade Setup Breakdown (Long) Asset: KITE/USDT Entry Zone: ~$0.2628 - $0.2631 (Current market price) Take Profit (TP): ~$0.2883 Stop Loss (SL): ~$0.2509 Risk/Reward Ratio (RRR): Approximately 1:2.1 (You are risking 1 unit to make 2.1 units). Technical Rationale for this Scalp/Intraday Trade Strong Momentum: The asset is in a very clear, aggressive uptrend (up over 12% on the day). Scalping with the trend is generally higher probability. Liquidity Grab & Rejection: Looking at the recent price action, there was a sharp, aggressive dip down toward the $0.2400 level (indicated by the long red wick). This sharp rejection shows strong buying pressure stepped in to scoop up liquidity, leading to a V-shaped recovery. Breakout Continuation: Your entry is positioned just as the price is breaking past the local minor resistance (around $0.2630) formed right before that sharp dip. Entering here anticipates that the momentum will carry the price to form a new higher high. Stop Loss Placement: Your SL at $0.2509 is logically placed just below the consolidation block that formed right after the sharp recovery. If the price breaks back below this level, the immediate bullish momentum is invalidated. Tips for Executing this Setup Timeframe Refinement: Since you are on the 15-minute chart, this is slightly longer than a traditional "scalp." To refine your entry and get a tighter Stop Loss, you might want to drop down to the 3-minute or 5-minute chart to look for a micro-pullback or flag pattern before pulling the trigger. Trailing Stops: Given the high volatility (evidenced by those long wicks), consider taking partial profits along the way to your $0.2883 target or trailing your stop loss to breakeven once the price pushes favorably in your direction$KITE #TradeCryptosOnX #GrowingEveryday #BinanceExplorers #Write2Earn!
1.28 support zone after a sharp impulse move. On the 1H structure we're seeing higher lows forming, and price is compressing just below 1.35-1.40 resistance. Momentum is still bullish, but this area is a clear decision zone.
A clean break and hold above 1.40 opens room toward 1.50 and 1.60. If rejected, a pullback toward 1.22-1.25 would be healthy before continuation.
Entry: 1.281.34TP1: 1.40
TP2: 1.50
TP3: 1.60
SL: 1.21
As long as 1.22 holds, structure remains bullish. Break above 1.40 confirms the next expansion leg.