THPLANT - Looking for strong bullish momentumEntry & Exit strategy setup.
The recent bearish candle is accompanied by moderate volume, indicating selling pressure but not overly aggressive.
Wait for confirmation that the price holds near Entry 1 (0.645) or Entry 2 (0.620) before entering.
Watch for additional volume support or bullish reversal candlestick patterns.
Monitor Ichimoku signals, particularly if the price reclaims the Tenkan-sen and Kijun-sen.
Ensure your position size aligns with your risk tolerance, aiming for a risk-reward ratio of at least 1:2 or better based on your stop-loss and take-profit levels.
Monitor market conditions closely, as external factors can influence the price movement. Look for confirmation via price action and volume to ensure trades align with the anticipated direction.
Note:
1. Analysis for education purpose only.
2. Trade at your own rik.
