I've closely analyzed the movement of $COLLECT and noticed a robust recovery following a deep sweep, with buyers stepping in and maintaining the structure. Here’s the trade plan:
$COLLECT LONG
Entry Zone: $0.0500 to $0.0520 Stop Loss: $0.0470
Take Profit Targets:
TP1: $0.0550
TP2: $0.0580
TP3: $0.0620
Why This Setup?
A strong bounce from the $0.037 demand zone
Formation of a higher low structure on the 1-hour chart
Buyers consistently defending the $0.050 support level
Momentum shifting bullish after a period of consolidation
Price is currently fluctuating between the support and resistance levels. This area is considered a no-trade zone, so it is better to wait for a clear breakout above the resistance level. $ONDO
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