๐ฅ ONE Bullish Divergence: Local Bottom Set?
Like most other tokens, ONE has been selling off for a couple of weeks now. With BTC appearing neutral, it's time to look at these weaker tokens for potential upside.
I'm waiting for ONE to break through the 0.01465 local resistance. Once above, we can make an entry from that resistance, targeting the most recent local top of 0.025, with a stop below the most recent lows.
This trade that we just constructed has a very respectable risk-reward of 12+, which is very good considering we take a wider stop. You could take partial profits around 0.017 and 0.02 if you prefer a more defensive setup.
I'm waiting for ONE to break through the 0.01465 local resistance. Once above, we can make an entry from that resistance, targeting the most recent local top of 0.025, with a stop below the most recent lows.
This trade that we just constructed has a very respectable risk-reward of 12+, which is very good considering we take a wider stop. You could take partial profits around 0.017 and 0.02 if you prefer a more defensive setup.
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