GOATUSDT: Navigating Between TPO and Fibonacci – E and T!

Dec 1

Overview:

GOATUSDT is displaying a fascinating structure with a potential setup that hinges on the 7-SMA, marked TPO levels, and the Fibonacci retracement zone. The current market price (CMP) at $0.7910 situates it in a pivotal zone, with decisions influenced by the dynamics between the overhead 7-SMA and the lower Fibonacci level at $0.7742. Let’s break this down with potential scenarios, targets, and ideal entry zones.

Key Observations:

1. TPO Levels:
• Resistance: $0.8289 (marked TPO level, overhead).
• Support: $0.7473 (lower TPO level, potential demand zone).
2. 7-SMA Resistance:
• The CMP is flirting with the 7-SMA, which acts as a dynamic resistance. The reaction at this level will determine the short-term direction.
3. Fibonacci Support:
• The yellow line represents the 0.5 Fibonacci level ($0.7742), a critical support zone that aligns with potential liquidity.
4. Range Movement:
• A sideways movement within the marked rectangle is likely if the price consolidates between $0.8289 and $0.7742, indicating indecision.

Scenarios:

Scenario 1: Rejection at 7-SMA

• Action: Price touches the 7-SMA and rejects, falling to the Fibonacci level $0.7742.
• Entry: Enter shorts near $0.7950-$0.8000 (around SMA resistance).
• Targets:
1. First Target: $0.7742 (Fibonacci level).
2. Second Target: $0.7473 (TPO support zone).
• Stop Loss: Above $0.8050 (above SMA and invalidation point).

Scenario 2: Sideways Consolidation

• Action: The price moves sideways in the marked rectangle, bouncing between $0.7742 and $0.8289.
• Entry:
• Buy: Near $0.7742 (Fibonacci and demand zone).
• Sell: Near $0.8289 (TPO resistance).
• Targets:
1. For Buy Entry: $0.7950 (mid-level retracement) and $0.8289.
2. For Short Entry: $0.7742 and $0.7473.

Scenario 3: Breakout and Rally

• Action: If the price breaks the 7-SMA convincingly, it could target $0.8289.
• Entry: Enter on confirmation of a breakout above $0.8000.
• Targets:
1. First Target: $0.8289 (upper TPO resistance).
2. Second Target: $0.8500 (potential next zone of liquidity).
• Stop Loss: Below $0.7900 (invalidating the breakout).

Key Levels for Entries:

• Short Entry: $0.7950-$0.8000 (rejection zone near 7-SMA).
• Buy Entry: $0.7742 (Fibonacci and liquidity zone).
• Breakout Buy: Above $0.8000 (confirming strength).

Dec 2

Trade active

Buy Initiated!