From the chart you shared, let’s break down key elements to help you predict the next entry point:
### Chart Overview:
1. Current Price:
The price surged to 0.23219 USDT, with a massive gain of +202.92%.
2. Resistance and Support Levels:
- High Resistance: 0.35110
- Second Resistance: 0.30497
- Support: 0.11535
- Low Support: 0.01033
3. Liquidity Zone:
There’s a red liquidity zone where price previously stalled, indicating trapped orders that may act as resistance when the price returns to that area.
4. CHoCH (Change of Character):
The CHoCH marks a potential shift from a bearish to a bullish trend. The price broke out of consolidation after the CHoCH area, signaling strong bullish momentum.
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### Next Entry Strategy:
1. Pullback Entry to Liquidity Zone (0.22 - 0.23):
- The price broke through the liquidity zone, indicating it may retest that zone as support.
- If it pulls back to this area and shows bullish confirmation (like a bullish candle or rejection wick), it could be a safe re-entry point.
2. Entry at Support Levels:
- First Support: 0.11535
If the price retraces deeper, this could be a secondary buy zone, but wait for confirmation (e.g., consolidation or reversal patterns).
- Low Support: 0.01033
This is less likely to be reached in the short term, but if it does, the trend would have reversed bearish.
3. Breakout Entry Above 0.30497 or 0.35110:
If the momentum continues and the price breaks above 0.30497 or 0.35110, wait for a retest to enter on confirmation of the breakout.
Prediction:
- Short-term:
Watch for a pullback to the 0.22-0.23 liquidity zone. If the zone holds, it could rally toward the next resistance at 0.30497.
- Long-term:
If momentum remains strong and 0.30497 breaks, it may head toward the 0.35110 resistance. Conversely, if momentum weakens, expect a pullback to 0.11535 support.
This setup is ideal for scalp trading or swing entries, but ensure you use stop-loss below the entry zones to mitigate risks, especially with high volatility.
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