Based on the provided chart for **ONE/USDT** (Harmony on Binance) on a 1-day timeframe, here is a detailed trading plan:
### Entry Points - **Primary Entry**: 0.01354 USDT (38.2% Fibonacci retracement) - This is the ideal entry level where the price is showing some consolidation and potential upward movement. - **Secondary Entry**: 0.01215 USDT (88.6% Fibonacci retracement) - A lower entry for additional accumulation if the price drops, still within a strong support zone.
### Target (Take Profit) Levels - **First Target (TP1)**: 0.01663 USDT - This target aligns with the 61.8% Fibonacci retracement, which is a common area of resistance where traders may take profits. - **Second Target (TP2)**: 0.02200 USDT - A more extended target that reflects a potential breakout above the resistance level. - **Third Target (TP3)**: 0.02800 USDT - This would be a significant rally target if the price continues to move upwards, aligning with a key resistance zone.
### Stop Loss - **Stop Loss**: 0.00795 USDT - Set below the recent low (1.0 Fibonacci level), ensuring a reasonable risk management strategy if the trade does not move in your favor.
### Key Levels and Observations - **Fibonacci Levels**: - 38.2% retracement at 0.01354 USDT. - 61.8% retracement at 0.01663 USDT (TP1). - 88.6% retracement at 0.01215 USDT (secondary entry). - **Harmonic Pattern**: A potential bullish harmonic pattern suggests that the price could reverse and move upwards. - **Volume Profile**: There’s an increase in volume around the current price levels, which might indicate an accumulation phase before a breakout.
### Technical Indicators - **RSI & MACD**: While not shown on the current chart, the structure suggests that the price might be at the end of a bearish phase, indicating the start of a potential bullish reversal.
### Trade Plan Summary 1. **Enter** the trade between 0.01215 USDT and 0.01354 USDT. 2. **Set Stop Loss** at 0.00795 USDT to limit downside risk. 3. **Target Levels**: - **First Target (TP1)** at 0.01663 USDT. - **Second Target (TP2)** at 0.02200 USDT. - **Third Target (TP3)** at 0.02800 USDT.
This trading strategy is designed to take advantage of the potential upside, while managing risk with a defined stop loss level. The trade relies on Fibonacci retracement levels and the harmonic pattern formation for key decision-making points.