COMPUSDT Break out trend line!/Trading Strategy
COMPUSDTNotice in chart---Red: rise; Green: fall
1H trend chart
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Price took out the long-term downtrend line, we consider it as a reversal signal.
Additionally, price stood firm on Fib(0.618)level which is 338.4
With both conditions, trading strategy as below.
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Profit Targets:
a) 374.75----Fib(1)
b) 400.65~411.10----Fib(1.272~1.382)
c) 433.60-----Fib(1.618)
Stop losses:
a) 317.7----Green horizontal ray
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Trading is a reflection of yourself, sometimes you need to take a step back to see more.
Learn more daily and Be ready for any opportunities daily.
Have a nice trading!
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→Join Teaching Group for free!(PM me)
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