* DON'T BE AN IDiOT AND THiNK FOR YOURSELF!
* THiS iS NOT A FiNANCiAL ADVICE!
TRADE:: ADA_01_23012021
STATUS:: Placed
TYPE:: Long
PATTERN:: Consolidation Flat
SIGNAL:: 4H MFI
FILTER:: 1H OBV Delta + Price Action
VOLUME:: $2000
ENTRY:: 0.361
TP1:: 0.43
TP2:: 0.49
SL:: 0.355
R/R:: 21
RISK:: $50
REWARD:: $400-$800
PROS::
1. 4H MFI dip down below 50 level and trying to come back above. Breakout above Reistance is a strong bullish signal
2. If the correction is over we likely to see a higher high
3. Phoenix indicator has a plenty of room for an upward pressure mid-term
CONS::
1. We may see a pullback to 0.32XX levels. I pointed price levels at the chart
2. If we have a pullback we should consider to find a better entry
OVERALL::
* We had a correction, if that's over we should continue going up
* We may have another dip to 0.32XX levels, so must be ready to buy it
* In case we do not have a dip we should place a breakout trade
* THiS iS NOT A FiNANCiAL ADVICE!
TRADE:: ADA_01_23012021
STATUS:: Placed
TYPE:: Long
PATTERN:: Consolidation Flat
SIGNAL:: 4H MFI
FILTER:: 1H OBV Delta + Price Action
VOLUME:: $2000
ENTRY:: 0.361
TP1:: 0.43
TP2:: 0.49
SL:: 0.355
R/R:: 21
RISK:: $50
REWARD:: $400-$800
PROS::
1. 4H MFI dip down below 50 level and trying to come back above. Breakout above Reistance is a strong bullish signal
2. If the correction is over we likely to see a higher high
3. Phoenix indicator has a plenty of room for an upward pressure mid-term
CONS::
1. We may see a pullback to 0.32XX levels. I pointed price levels at the chart
2. If we have a pullback we should consider to find a better entry
OVERALL::
* We had a correction, if that's over we should continue going up
* We may have another dip to 0.32XX levels, so must be ready to buy it
* In case we do not have a dip we should place a breakout trade
Note
My arguments for the price action to fall down to 0.32-0.31 cents levelNote
I've entered the trade a little bit lower using counter-trend line for a breakout trade 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.