FUN/USD - Double bottom + Trend Reversal
Updated
This idea is based on trend reversal.
EMA50 is about to cross over MA50, signals a potential uptrend.
We have a double bottom to support this trend reversal signal.
Short term targets are based on fib extension.
Long term targets are based on expected resistance from previous peaks.
You can save a portion to sell at new all time high.
Indicators:
- RSI is bullish
- MACD supports upward movement
Position can be opened in red box.
Stoploss is 0.0695
Good luck :)
EMA50 is about to cross over MA50, signals a potential uptrend.
We have a double bottom to support this trend reversal signal.
Short term targets are based on fib extension.
Long term targets are based on expected resistance from previous peaks.
You can save a portion to sell at new all time high.
Indicators:
- RSI is bullish
- MACD supports upward movement
Position can be opened in red box.
Stoploss is 0.0695
Good luck :)
Trade active
First target reachedTrade active
Second target reachedTrade active
I will finish selling off ~90% of my position at the 3rd targetTrade closed: target reached
:)Trade closed: target reached
Last 10% soldNote
I will definitely be revisiting this coin in the future.Trade active
We can buy again at current price below $0.1.Note
In healthy profit.Target is previous high!
Trade closed manually
Take small profits, get out.
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