Demand Zone: The price action indicates a clean demand zone where buyers previously stepped in. Range Analysis: Using the recent swing high and low, the 0.5 Fibonacci retracement level aligns closely with the demand zone, strengthening its importance as a possible buyer zone.
Key Levels to Watch:
Demand Zone: Blue Box
0.5 Fibonacci Level: (0.022)
A confluence of these levels could attract buyer interest if the price retraces into this area.
Trading Plan:
Bullish Scenario:
Wait for the price to retest the demand zone.
Confirm with bullish price action, such as pin bars or engulfing candles, for a long entry.
Bearish Scenario: If the price breaks below the demand zone and the 0.5 Fibonacci level, consider this invalidated. Look for new structures below.
Additional Notes:
Keep an eye on the volume; increased volume near these levels could signify stronger buyer activity.
Place stop losses below the demand zone for protection.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
PEPE came to the box and took a reaction now it came again and took another reaction but I'm still not confident about the market and I'm taking my stops to my entry.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.