ONTUSDT 3D long setup after completed correction
TA Explained
ONTUSDT is moving in very clean upward trend as can be seen on the 3D timeframe.
The correction after the latest impulse came down to the previous resistance area turning it into support.
On lower timeframes we can see price created a higher low which hints on reversal. That is why the long can be taken from here. The setup will be invalidated if price creates a lower low below 0.6462.
Following the reversal scenario what can we target? At least the previous tops but since thats still quite far off an inbetween target is placed as well. And following the trend based on the 3D view we can target a higher high (TP3).
Trade setup
Best entries: 0.6640 - 0.06960
TP1: 0.7404
TP2: 0.7777
TP3: 0.8423
SL: 0.6388
RR: 3.94
Max leverage: 3x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
ONTUSDT is moving in very clean upward trend as can be seen on the 3D timeframe.
The correction after the latest impulse came down to the previous resistance area turning it into support.
On lower timeframes we can see price created a higher low which hints on reversal. That is why the long can be taken from here. The setup will be invalidated if price creates a lower low below 0.6462.
Following the reversal scenario what can we target? At least the previous tops but since thats still quite far off an inbetween target is placed as well. And following the trend based on the 3D view we can target a higher high (TP3).
Trade setup
Best entries: 0.6640 - 0.06960
TP1: 0.7404
TP2: 0.7777
TP3: 0.8423
SL: 0.6388
RR: 3.94
Max leverage: 3x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)