ARDR Channel. Reversal zones. Risk / Profit 1: 5
Updated
ARDR price moves for a long time in lateral movement in the channel 50%. The price has approached the bottom of the channel, it may still fall to the local minimum of the channel at 470. This is an important zone highlighted in red. If the price breaks through this zone and fixes under it (channel support), then a new good entry point will have to wait a long time.
It is also worth noting that the coin is very volatile and easy to shoot Stop Loss. There is a high probability that this will happen before the price reversal.
TARGET and ENTRANCE
1) From the bottom of the channel. Trading in the channel. Growth potential + 40-50%
2) Entrance to the breakout or pullback after the breakthrough of the channel resistance. The upside to the first resistance is + 25%. It is worth noting that this is a pump coin and with a trend reversal, growth can be hundreds of percent. What has been repeatedly.
Stop loss
Under key support levels during your entry into the market.
Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.
It is also worth noting that the coin is very volatile and easy to shoot Stop Loss. There is a high probability that this will happen before the price reversal.
TARGET and ENTRANCE
1) From the bottom of the channel. Trading in the channel. Growth potential + 40-50%
2) Entrance to the breakout or pullback after the breakthrough of the channel resistance. The upside to the first resistance is + 25%. It is worth noting that this is a pump coin and with a trend reversal, growth can be hundreds of percent. What has been repeatedly.
Stop loss
Under key support levels during your entry into the market.
Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.
Note
Note
+ 26% from the observation area.
An expanding triangle will be drawn.
Trade closed: target reached
Profit + 60%
Note
Entrance and first target.
A very good entry point is now being planned. In the case of fixing the price in this zone and confirmation of support, upward movement can be realized to start as last time from these price values of about + 60%. From a safer entry point + 44%.
Note
Note
Trade closed: target reached
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