CSPRUSDT | MT Long H4 | Casper Network

2024년 4월 25일

Pair: CSPRUSDT
Timeframe: H4 - Medium Term (MT)
Direction: Long

Technical Confluences for Trade:
- Stochastics are in Oversold Conditions on H4 time-frame
- Price action is close to bottom of a Parallel Channel
- Price is entering a Demand Zone (Yellow area @ Current rice)
- Aiming for the next two Supply Zones (TP 1 @ Blue Horizontal Line & TP 2 just before Supply Zone)

Fundamental Confluences for Trade:
- Nothing much to talk about Crpyto fundamentals, too many tokens to look at and just look at it as a trading pair with liquidity

Suggested Trade:
Entry @ Area of Interest 0.02700 - 0.03230
SL @ 0.0246
TP 1 @ 0.0389 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.0453
Risk-to-Reward @ Approx. 2.51 (Depending on Entry Level)

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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.

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