Current Trend Analysis:
The 1D chart shows a consolidation phase within a broader uptrend. The price is fluctuating around a significant support zone at approximately $2,425, which aligns with previous resistance turned support levels.
The 15-minute chart is showing signs of price rejection around $2,429, which might act as a short-term resistance level.
But with the trend on the 1D chart still showing potential for continuation, this trade has a higher chance of success if the support holds.
Entry:
Type of Order: Buy Limit
Entry Price: $2,420
Rationale: This level is a point of confluence with support from previous price action and Fibonacci retracement levels (around the 0.618 level of the recent swing low to swing high). It offers a low-risk entry point where price is likely to reverse and continue the upward trend.
Stop Loss:
Price Level: $2,410
Rationale: Set just below the key support area to minimize risk. This level is below the consolidation range seen on the 1D chart, ensuring the stop loss is placed where a break would indicate a potential trend reversal or further downside risk.
Take Profit:
Price Level: $2,445
Rationale: This target is set near the recent highs and Fibonacci extension levels, where there is likely to be liquidity and potential resistance. The target provides a reward-to-risk ratio of more than 2:1, making it a favorable trade.
Trailing Stop Adjustment:
Initial Adjustment: Once the price moves to $2,430, adjust the stop loss to $2,420 to lock in the entry price.
Further Adjustment: If the price moves to $2,435, trail the stop loss to $2,425 to lock in some profits.
The 1D chart shows a consolidation phase within a broader uptrend. The price is fluctuating around a significant support zone at approximately $2,425, which aligns with previous resistance turned support levels.
The 15-minute chart is showing signs of price rejection around $2,429, which might act as a short-term resistance level.
But with the trend on the 1D chart still showing potential for continuation, this trade has a higher chance of success if the support holds.
Entry:
Type of Order: Buy Limit
Entry Price: $2,420
Rationale: This level is a point of confluence with support from previous price action and Fibonacci retracement levels (around the 0.618 level of the recent swing low to swing high). It offers a low-risk entry point where price is likely to reverse and continue the upward trend.
Stop Loss:
Price Level: $2,410
Rationale: Set just below the key support area to minimize risk. This level is below the consolidation range seen on the 1D chart, ensuring the stop loss is placed where a break would indicate a potential trend reversal or further downside risk.
Take Profit:
Price Level: $2,445
Rationale: This target is set near the recent highs and Fibonacci extension levels, where there is likely to be liquidity and potential resistance. The target provides a reward-to-risk ratio of more than 2:1, making it a favorable trade.
Trailing Stop Adjustment:
Initial Adjustment: Once the price moves to $2,430, adjust the stop loss to $2,420 to lock in the entry price.
Further Adjustment: If the price moves to $2,435, trail the stop loss to $2,425 to lock in some profits.
บันทึก
15M Chart: The price is near a Fibonacci retracement level and has shown a change of character (ChoCH), indicating a potential reversal or continuation of the current upward move. Entry Price:
Consider placing a Buy Limit order at $2,428, which is close to the 50% Fibonacci retracement level observed on the 15M chart. This level aligns with previous minor support and provides a low-risk entry point.
Stop Loss:
Set your stop loss just below the 61.8% Fibonacci retracement level, at $2,425.70. This placement minimizes your risk and gives the trade room to move while protecting your capital.
Take Profit:
Set your target at $2,445, just below the next significant resistance level observed on the 1D chart. This level is close to the 38.2% Fibonacci retracement on the higher timeframe and offers a reward-to-risk ratio greater than 1.5.
Trailing Stop:
As the price moves in your favor, consider trailing your stop loss by adjusting it to just below recent swing lows, such as $2,431.00 once the price reaches $2,435.00.
บันทึก
Trade was activated at $2428 and stop loss moved to $2431 บันทึก
Price is now $2440. Stop loss shifted to $2335. Taken partial profits.
บันทึก
Target Price Hit. Trade Closed!
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน