Technical analysis by Darkanalysis about Symbol DEGEN: Buy recommendation (5/19/2025)

• Summary:- 4H Timeframe:Price is retesting a bullish Order Block and FVG (Fair Value Gap)suggesting potential support. - 1H Timeframe:Key demand zone at 0.005099–0.004956** (first order block). A reversal is likely if: - Bearish momentum weakens (declining selling volume). - Bullish confirmation (pinbar/engulfing candle) appears. - Trade Plan:Buy on confirmation, targeting 0.006305, with SL below 0.004912. --- Scenario Breakdown:1. Key Levels:- Support (Buy Zone):0.004956–0.005099 (1H Order Block). - Resistance (TP):0.006305 (next liquidity area). - Invalidation (SL):0.004912 (break below order block). 2. Entry Conditions:- Trigger: Bullish reversal candle (e.g., pinbar/engulfing) on the 1H timeframe.- Confirmation: Reduced selling volume + RSI/MACD showing bullish divergence (optional but recommended). 3. Trade Management:- Entry: 0.004956–0.005099 (limit orders preferred). - Stop Loss: 0.004912 (risk: ~2–3%). - Take Profit: 0.006305 (RRR 1:2.5). 4. Additional Context:- The 4H FVG and order block reinforce the 1H demand zone. - Watch Bitcoin’s movement for macro trend alignment. --- Conclusion:A high-probability long setup if price respects the order block and shows bullish reversal signs. Invalidation below 0.004912. --- #DEGEN #Crypto #PriceAction #OrderBlock #FVG #SwingTrading