Bought from the Green Box

Dec 7, 2024

The green box on the chart represents a significant buyer zone, and I executed a long position after observing price action within this area. This analysis will break down why the green box was identified as a demand zone and my expectations for DASHUSDT's movement.

1. The Significance of the Green Box
The green box marks a strong demand area where buyers have previously stepped in, making it a high-probability zone for a bounce.

• Key Support Zone: This area aligns with historical support levels and technical confluences, reinforcing its strength.
  
• Market Structure: Price has maintained higher lows above this zone, signaling a bullish continuation pattern.
  
• Volume Confirmation: Increased buying volume near the green box suggests active demand.
  

2. Why I Bought Here

The decision to buy was based on the following confirmations:

• Price Action Signals: A bullish reversal pattern formed within the green box, confirming buyer interest.
  
• Fibonacci Retracement: This zone aligns with the 0.618–0.786 retracement of the previous upward swing, a classic area for reversals.
  
• Oversold Conditions: Momentum indicators like RSI showed oversold conditions, adding confidence to the buy decision.
  

3. Current Expectations

Based on the price action and market structure, I anticipate the following scenarios:

• Primary Target: The first target is set at the nearest resistance level, which aligns with previous highs around XX.XX.
• Secondary Target: If momentum continues, the second target is the XX.XX level, corresponding to a Fibonacci extension level.
  
• Stop-Loss Placement: My stop-loss is set just below the green box to minimize risk in case of invalidation.
  

4. Strategy and Risk Management

Risk management is a crucial part of any trade, and here’s how I’m handling it:

• Risk-to-Reward Ratio: The trade offers a 1:3 risk-to-reward ratio, balancing potential gains against downside risk.
  
• Monitoring Key Levels: I’ll be closely watching for volume spikes and resistance breakouts to validate the bullish momentum.
  
• Adjusting Stops: As the price moves toward the target, I plan to trail the stop-loss to secure profits.
  

5. Final Notes

The green box represents a well-defined buyer zone backed by multiple technical factors. I’ll remain patient and let the trade develop while managing risk effectively.


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.

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