Filecoin potentail swing trade set-up
Good day fellow trader,
Filecoin might be getting ready for a shift in momentum. We are at the low of the larger range, healthy correction 61.8. Close to support which gives a good risk-reward set-up.
Buy up to $142
SL $119
The rest of the targets on the chart is mid-long term chart. There are interesting levels in between for profit-taking. Move SL once in profit as per usual.
Monitor the daily chart for more confirmation, at the moment it's still not looking like a reversal. We are assuming the position might cause that in the upcoming days.
Former high is almost $100 away. Which is already a substantial profit move if it happens.
This is not Financial advice,
Good luck to you all
Filecoin might be getting ready for a shift in momentum. We are at the low of the larger range, healthy correction 61.8. Close to support which gives a good risk-reward set-up.
Buy up to $142
SL $119
The rest of the targets on the chart is mid-long term chart. There are interesting levels in between for profit-taking. Move SL once in profit as per usual.
Monitor the daily chart for more confirmation, at the moment it's still not looking like a reversal. We are assuming the position might cause that in the upcoming days.
Former high is almost $100 away. Which is already a substantial profit move if it happens.
This is not Financial advice,
Good luck to you all
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.