Here we have a new coin new chart new opportunity. Storm is the coin, charts looks good and slowly developing into what we want to see to make us some cash!
We have a bullish divergence but we are not ready to enter this coin yes due to the below, but we will prepare ourselves now.....
Ok so the chart tells us that we look to break high but we face resistance and it may be a day or 2 until we see the move.
When we cross the 50EMA we will have aggressive traders buying even based off the 1H chart, but we will be conservative. We need the volume MA to come down a little lower and have volume return into this coin before we even think about breaking.
We do not buy or enter this trade until we see a candle close over the blue line at this point we can enter. This is a trade we need to monitor before we can place a stop loss as the stop loss will be 1% below the blue line but we can't set this until the first 4H candle closes over the blue line. So you monitor this trade on the 4H charts after entering.
We expect a good day or 2 before we see an entry but its best I post this now so you can watch this trade develop.
Being a new coin we are always caution on entry and please be patient.
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