$GOMINING



Trade Plan: GOMINING/USDT

Current Price: ~$0.2866
Trend: Slight bullish (+1.42%), but price is stalling near the upper Bollinger (0.2883).

1. Entry (Long – Breakout)

· Trigger: A close above 0.2883 (upper Bollinger) with strong volume.
· Aggressive Entry: Buy on a pullback to 0.2842 (middle Bollinger) if support holds.

2. Stop-Loss (SL)

· Place SL at 0.2795 (support level, just below 24h low).
· For tighter risk, use 0.2801 (lower Bollinger).

3. Take-Profit (TP)

· TP1: 0.2951 (24h high & resistance)
· TP2: 0.3000 (psychological round number)
· TP3: 0.3100 (next resistance zone)

4. Risk/Reward

· Risk: ~$0.0071 (from 0.2866 to 0.2795)
· Reward: ~$0.0085 to $0.0234 (TP1–TP3)
· R:R = ~1.2 to 3.3

5. Key Indicators to Watch

· Volume: Needs to pick up above MA(5)=708K to confirm breakout. Current VOL (447K) is weak — wait for volume surge.
· MACD: Bearish (MACD < 0) with DIF below DEA — wait for a bullish crossover before entering.
· OBV: Negative (-11.36M) and below MAOBV — selling pressure still present. Avoid long until OBV turns up.

6. Invalidation

· If price breaks below 0.2795 with high volume, the breakout fails — cancel long.

#MillionDepositCashback
Alternative: Short (if rejection occurs)

· Entry: If price rejects 0.2883–0.2951 and drops below 0.2842.
· SL: 0.2883
· TP: 0.2801 → 0.2759 (SuperTrend)
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
EqunixHub
· 2h ago
GOMINING continues to respect its uptrend, with buyers stepping in on pullbacks.
Trend-following strategies remain favorable while price holds above support.
Reply0
  • Pinned