🔍 Trading Plan
This is a long trade setup based on Elliott Wave analysis and key support/resistance levels.
📉 Trade Details
Entry: 0.002834
Price is near a strong demand zone and aligns with support at the Wave (4) level.
Stop-Loss : 0.002590
Positioned just below the demand zone to minimize risk.
Take Profit Targets:
Target 1 : 0.003415
This corresponds to the 1.0 Fibonacci extension of Wave (5).
Target 2 : 0.003914
The 1.618 Fibonacci extension of Wave (5), where a strong resistance zone is identified.
📊 Risk-Reward Ratio (RRR)
RRR: Approximately 1:3 to T1 and higher if T2 is reached.
🔔 Additional Notes
The setup is supported by a clean impulsive structure completing Wave (5) and retracing to a demand zone.
Good luck, and always manage risk carefully! 🚀 #CryptoTrading #HOTUSDT #TradingSetup
⚠️ Disclaimer
This analysis is for educational and informational purposes only and should not be considered financial advice. Cryptocurrency trading carries a high level of risk and may not be suitable for all investors. Always conduct your own research, assess your risk tolerance, and consult with a financial advisor before making any trading decisions.
This is a long trade setup based on Elliott Wave analysis and key support/resistance levels.
📉 Trade Details
Entry: 0.002834
Price is near a strong demand zone and aligns with support at the Wave (4) level.
Stop-Loss : 0.002590
Positioned just below the demand zone to minimize risk.
Take Profit Targets:
Target 1 : 0.003415
This corresponds to the 1.0 Fibonacci extension of Wave (5).
Target 2 : 0.003914
The 1.618 Fibonacci extension of Wave (5), where a strong resistance zone is identified.
📊 Risk-Reward Ratio (RRR)
RRR: Approximately 1:3 to T1 and higher if T2 is reached.
🔔 Additional Notes
The setup is supported by a clean impulsive structure completing Wave (5) and retracing to a demand zone.
Good luck, and always manage risk carefully! 🚀 #CryptoTrading #HOTUSDT #TradingSetup
⚠️ Disclaimer
This analysis is for educational and informational purposes only and should not be considered financial advice. Cryptocurrency trading carries a high level of risk and may not be suitable for all investors. Always conduct your own research, assess your risk tolerance, and consult with a financial advisor before making any trading decisions.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.