Smart money just swept the liquidity lows before showing strong signs of a bullish reversal.
I’m looking at the hourly timeframe for crypto $FOLKS in this file 1000305928.jpg, and the market structure is maintaining a bullish bias. The price recently dropped from a high of 3.141 to a low of 2.524, where it found significant buy support. I've noticed that the price is now stabilizing above a dynamic support zone represented by the key moving average.
My trading plan is to buy from this main liquidity pool as long as the market structure remains in our favor. Since the trend on the larger timeframe stays bullish, I’m setting up a long position from the current consolidation base. I expect the price to recover towards the recent highs to liquidate the short sellers.
Here’s my precise plan for this trade:
Direction: Buy (Long)
Entry Price: $2.600
Stop Loss: $2.400
First Target: $2.800
Second Target: $3.000
The calculations here yield a perfect risk-to-reward ratio of 1:2. The distance from the entry price to the stop loss is exactly $0.200, and the distance from my entry to the second target is exactly $0.400, which is double the risk. I’m keeping a close eye on this area as the order flow continues to build.
$FOLKS
I’m looking at the hourly timeframe for crypto $FOLKS in this file 1000305928.jpg, and the market structure is maintaining a bullish bias. The price recently dropped from a high of 3.141 to a low of 2.524, where it found significant buy support. I've noticed that the price is now stabilizing above a dynamic support zone represented by the key moving average.
My trading plan is to buy from this main liquidity pool as long as the market structure remains in our favor. Since the trend on the larger timeframe stays bullish, I’m setting up a long position from the current consolidation base. I expect the price to recover towards the recent highs to liquidate the short sellers.
Here’s my precise plan for this trade:
Direction: Buy (Long)
Entry Price: $2.600
Stop Loss: $2.400
First Target: $2.800
Second Target: $3.000
The calculations here yield a perfect risk-to-reward ratio of 1:2. The distance from the entry price to the stop loss is exactly $0.200, and the distance from my entry to the second target is exactly $0.400, which is double the risk. I’m keeping a close eye on this area as the order flow continues to build.
$FOLKS