If we close a weekly candle above the red box, I think we're going to see some big expansion here on base:0x00f3c42833c3170159af4e92dbb451fb3f708917
ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6 buying the bottom of the range
This isn鈥檛 a signal. It鈥檚 a look at how I think through a trade.
-Daily: POL has been stuck in a clear range since August. Support around 0.085 to 0.088 (blue box). Resistance around 0.118 to 0.123 (red box). Price is back at the bottom of that range right now.
-4H: Price swept below the last low, grabbed the liquidity and bounced hard. That reaction broke internal structure to the upside. That鈥檚 my trigger.
-The plan:
Entry: 0.0884
Stop: 0.0853 (below the range low)
Target: the top of the range, 0.118 to 0.125
Risk around 3.5% for a potential 40%. Roughly 1:12.
-What would make me wrong:
A clean break and close below the blue box. Support has been tested many times, and there鈥檚 still liquidity below around 0.083. If it sweeps there and reclaims, I鈥檒l look again. If it doesn鈥檛, I鈥檓 out and I move on.
I鈥檒l take partial profits along the way and move my stop to breakeven once it starts working.
The edge isn鈥檛 predicting the move. It鈥檚 knowing where you鈥檙e wrong before you get in, and letting the reward be much bigger than the risk.
What do you see on this chart? 馃憞
#POL #Crypto #TradingView #PriceAction #RangeTrading #TradeLikeAWarrior
base:0xf43eb8de897fbc7f2502483b2bef7bb9ea179229 is holding this range low very well!!
Been buying some here!
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Keep your eyes focused on the bigger picture.
Yes, Binance got hacked. But in the crypto world, there is always something going on... Hacks, Goverments, Scams and so on.
I'm just looking at base:0x00f3c42833c3170159af4e92dbb451fb3f708917 atm and buying more at these levels.
My reason:
-ICP/BTC pair on monthly support and broke out of yearly trend, this looks like a retest of it.
-ICP chart looking good for a higher low here from previous range.
cosmos:native clear overview...
Hold the gray box on weekly, and we might see it rise to the mid-range.
Have a plan, and stick to it
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