1. Trend & Structure:
- The asset is trading at $0.5354.
- It recently broke out from a consolidation range between $0.4844 and $0.5437.
- Price is currently pulling back after hitting a high of $0.5437. This is a normal retest of the breakout level.
2. Volume & Momentum:
- The green candle breaking resistance had strong volume.
- The current red pullback candle is showing lower volume, indicating selling pressure is weak (bull flag).
3. Order Flow:
- The SELL button is showing liquidity at 0.5342, but the BUY button shows a large 5.000 quantity ready.
- This suggests strong bids exist below current price, making a deep drop unlikely.
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### đĄ Trading Signal: BUY (Long)
Strategy: Retest of breakout zone.
| Parameter | Value | Explanation
| Entry Zone | $0.5320 - $0.5340 | Enter as price holds above previous resistance-turned-support. |
| Stop Loss | $0.5285 | Below the recent swing low and bid liquidity cluster. |
| Target 1 (TP1) | $0.5437 | Retest of the daily high. |
| Target 2 (TP2) | $0.5500 | Psychological level and extension of the move. |
| Target 3 (TP3) | $0.5600 | If momentum continues, next resistance zone. |
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â ïž Risk Management
- Risk per trade: Max 1-2% of account.
- Position sizing: Based on distance to SL (~0.0055).
- SL to TP1 Ratio: 1:2 (favorable).
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đ Summary
- Direction: đą BUY
- Confidence: Medium-High (bullish structure, low volume pullback)
- Invalidation: Break below $0.5280