ALICEUSDT 4H long setup; Retest of broken desc parallel channel
TA explained
ALICE broke out of the descending parallel channel. Currently in a pullback. A retest of the W-neckline can be expected and the entry zone is positioned between the 0.5 and 0.786 fib levels of the latest impulsive move.
Trade setup
Best entries: 12.910 - 13.758
TP1: 15.181
TP2: 17.477
TP3: 20.645
SL: 12.023
RR: 5.61
Max leverage: 2x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
ALICE broke out of the descending parallel channel. Currently in a pullback. A retest of the W-neckline can be expected and the entry zone is positioned between the 0.5 and 0.786 fib levels of the latest impulsive move.
Trade setup
Best entries: 12.910 - 13.758
TP1: 15.181
TP2: 17.477
TP3: 20.645
SL: 12.023
RR: 5.61
Max leverage: 2x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
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.