TAIKO/USDT Trade Plan (1H Timeframe)

$TAIKO ‌#StrategyBuyback
Market Bias: 🟢 Strong Bullish, but the coin has already surged 300%+, making it highly volatile. Avoid chasing the current candle.
Entry Zones
Aggressive Entry: $0.275–0.290 (only if price consolidates above this area)
Safer Entry: $0.220–0.245 on a healthy pullback
Take Profit Targets
🎯 TP1: $0.320 (recent high)
🎯 TP2: $0.350
🎯 TP3: $0.400–0.450 if momentum and volume remain strong
Stop Loss
🛑 $0.250 for short-term trades
🛑 $0.220 for swing traders
Technical Analysis
✅ Price is well above the SuperTrend, confirming a strong uptrend.
✅ MACD is strongly bullish with expanding momentum.
⚠️ RSI (89–97) is extremely overbought, increasing the probability of a sharp correction or consolidation.
⚠️ The price is trading far above the upper Bollinger Band, signaling excessive short-term extension.
Trading Strategy
Do not FOMO into the current rally.
Wait for either:
a pullback to key support, or
a breakout and 1H close above $0.320 with strong volume before entering.
Consider taking partial profits at each target and moving your stop loss to breakeven after TP1.
Risk Management: Because of the extreme volatility, keep position size small and risk no more than 1% of your trading capital on this trade.