WAXP / Bitcoin

✳️ WAX Set To Speed Up-Upward | Low Risk vs High Reward

415
EMA100 is always a strong indicator to look at on the daily timeframe for cryptocurrency pairs.

Here we can see how WAXPBTC challenged this level 7 times, between 14-Jan. to 1-Feb. before breaking above it.

After breaking above this major resistance which signals the medium term strength of a pair, it was tested as support.

This happened between 8-10-Feb. and so far it holds.

With a full green candle today, prices trading above EMA10 and EMA100... WAXPBTC is set to continue growing.



We have a strong RSI, a good entry is possible here.

Very tight stop-loss manual below EMA100.
Based on the daily timeframe.

A stronger, longer lasting stop-loss would be EMA50 at 0.00000312.

The rest is to wait for prices to move up.
If it doesn't move up, you have your stop.

Low risk, with high potential for rewards.

That's the type of chart setup we enjoy.


Namaste.

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.