1H trend chart
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Price left a long tail before, then rallied rapidly.
Here, we can combine them as 1 candle, means support level around $41 still works.
Now, it broke out this short-term downtrend line, so here is a first timing you can open long.
However, there is a resistance zone around $42.84, can confirm price stands at it or not.
In a nutshell, closure of previous candle $42.515 is 1st point
2nd point is $42.84 if stood firm of 1H chart.
I suggest that 2nd point, which is low-risk strategy.
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Profit Targets:
a) 44.81----Fib(1)
b) 46.21~46.77----Fib(1.272~1.382)
Stop losses:
a) 41.345----Red horizontal ray
b) 39.515----Red horizontal ray
I provide 2 SL, depended on the risk you can take!
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If you like this analysis, give it a like and leave a comment below to share your perspective
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
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관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
🌔Signal channel: t.me/tradingdiary_cat
🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
🌕Discussion group: t.me/rextalkcrypto
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💡Sign up through link
→Join Teaching Group for free!(PM me)
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
