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Strategy:
If the bulls can break through this resistance zone (the blue box of peace and prosperity), then we're going to target reaching prior highs, taking profit along the way!
There is strong resistance round 9550, so in order to lock-in profits, consider closing this trade if the 9550 resistance zone cannot be broken!
The measured move from the Bull Flag breakout aligns perfectly with the next resistance box at 9550 area!
We can also see the 4H 200SMA, horizontal resistance, the top of the prior price channel trend line, and the 0.706 Fibonacci align with the 9550 target zone!
Let's get this crypto!
--
Entry: 9194.5
T1: 9275
T2: 9394
T3: 9500
T4: 9550
T5: 9946.5
Stop: 8903.5
--
R:R: 2.6
Risk: 3.17%
Reward: 8.22%
Leverage: 5X
Leveraged Risk: 15.85%
Leveraged Reward: 41.1%
---
Disclaimer:
This is not financial advice. This information is not meant to be used for financial advice, nor trade ideas. This is for educational purposes only.
Krown Accolades:
If you want to learn how to trade like a professional, then checkout this TA course! I've completed many courses, but this one was by far the best! I became consistently profitable after applying the concepts learned in this course!
krown-trading.teachable.com/p/trade-like-a-professional-the-art-and-application-of-technical-analysis
Strategy:
If the bulls can break through this resistance zone (the blue box of peace and prosperity), then we're going to target reaching prior highs, taking profit along the way!
There is strong resistance round 9550, so in order to lock-in profits, consider closing this trade if the 9550 resistance zone cannot be broken!
The measured move from the Bull Flag breakout aligns perfectly with the next resistance box at 9550 area!
We can also see the 4H 200SMA, horizontal resistance, the top of the prior price channel trend line, and the 0.706 Fibonacci align with the 9550 target zone!
Let's get this crypto!
--
Entry: 9194.5
T1: 9275
T2: 9394
T3: 9500
T4: 9550
T5: 9946.5
Stop: 8903.5
--
R:R: 2.6
Risk: 3.17%
Reward: 8.22%
Leverage: 5X
Leveraged Risk: 15.85%
Leveraged Reward: 41.1%
---
Disclaimer:
This is not financial advice. This information is not meant to be used for financial advice, nor trade ideas. This is for educational purposes only.
Krown Accolades:
If you want to learn how to trade like a professional, then checkout this TA course! I've completed many courses, but this one was by far the best! I became consistently profitable after applying the concepts learned in this course!
krown-trading.teachable.com/p/trade-like-a-professional-the-art-and-application-of-technical-analysis
Note
Feel free to follow this channel if you are looking for daily paper trading ideas! I'll be much more active moving forward!
General Inquiries: t.me/cryptoguru369
Twitter: twitter.com/CryptoGuru369
Twitter: twitter.com/CryptoGuru369
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.
General Inquiries: t.me/cryptoguru369
Twitter: twitter.com/CryptoGuru369
Twitter: twitter.com/CryptoGuru369
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.