Long
Beta Finance — Aiming For $0.16 — Massive Buy Signal
BETA is up more than 100% since the beginning of the week. Therefore, I wouldn't consider a long trade following the rule, "Don't chase green candles!"
However, violating the rule might be a good idea in this case.
Here's why 👇
BETA printed a so-called Power Scalper signal on the daily chart. The strategy is a rather complex approach that uses some lesser-known indicators (SSL, TDFI) and the RSI uncommonly, specifically tailored to realizing gains after a pump.
Signal Details 🧐
The signal flashed on the daily chart and had extraordinary backtest results. Based on 22 historical signals, BETA gained over 10% after signals flashed in 86% of their occurrence.
Other Technical Indicators 💹
All trend indicators (short, medium, and long term) show a bullish trend! Momentum indicators provide a mixed picture, which is logical after a 100% pump. As a result, the RSI, for example, is overbought. Additionally, the ADX shows a super strong trend and should help realize the signal gains.
What about the chart 📊
Currently, BETA trades at $0.095. The next resistance is ~0.12. This level can serve as a first take-profit target. The next resistance is $0.15-0.16, which correlates with this signal's profit target of 73%.
However, violating the rule might be a good idea in this case.
Here's why 👇
BETA printed a so-called Power Scalper signal on the daily chart. The strategy is a rather complex approach that uses some lesser-known indicators (SSL, TDFI) and the RSI uncommonly, specifically tailored to realizing gains after a pump.
Signal Details 🧐
The signal flashed on the daily chart and had extraordinary backtest results. Based on 22 historical signals, BETA gained over 10% after signals flashed in 86% of their occurrence.
Other Technical Indicators 💹
All trend indicators (short, medium, and long term) show a bullish trend! Momentum indicators provide a mixed picture, which is logical after a 100% pump. As a result, the RSI, for example, is overbought. Additionally, the ADX shows a super strong trend and should help realize the signal gains.
What about the chart 📊
Currently, BETA trades at $0.095. The next resistance is ~0.12. This level can serve as a first take-profit target. The next resistance is $0.15-0.16, which correlates with this signal's profit target of 73%.
I'm Ben. Crypto lover, trader, and coder.
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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.
I'm Ben. Crypto lover, trader, and coder.
Join my free newsletter for insights and the hottest trade setups every weekday!
newsletter.bencrypto23.com
🔥 For exclusive content: newsletter.bencrypto23.com/exclusive
Join my free newsletter for insights and the hottest trade setups every weekday!
newsletter.bencrypto23.com
🔥 For exclusive content: newsletter.bencrypto23.com/exclusive
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.