Hello, Traders!
I want to share a potential trade that I would be following.
BAND completes the accumulation phase, which has been going on for 83 days since September 16.
Buyers' liquidity is held between $6.38-7.38.
Dynamic price support is provided by the MA100 on the daily chart.
RSI moves into the bullish zone above 50
In order to secure the transaction entry it would be better to break it into two parts:
First entry 6.88 - 7.38 $
Second entry $ 7.48 -7.82 after price fixation above the level $ 7.38
SL under the level of $6.38
Targets at price levels
$8.16
$9.46
$11.50
Please leave your feedback below and watch out for the market!
P.S, This is not financial advice, but only a trade I would be following myself
I want to share a potential trade that I would be following.
BAND completes the accumulation phase, which has been going on for 83 days since September 16.
Buyers' liquidity is held between $6.38-7.38.
Dynamic price support is provided by the MA100 on the daily chart.
RSI moves into the bullish zone above 50
In order to secure the transaction entry it would be better to break it into two parts:
First entry 6.88 - 7.38 $
Second entry $ 7.48 -7.82 after price fixation above the level $ 7.38
SL under the level of $6.38
Targets at price levels
$8.16
$9.46
$11.50
Please leave your feedback below and watch out for the market!
P.S, This is not financial advice, but only a trade I would be following myself
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.