Long
Long GHST/BUSD D1
Updated
GHST Entry: 1.15-1.165
SL: 0.9 (confirmation on H4)
TP 1: 1.8 (30-50%). More conservative: 1.48 (25%), 1.8 (25-30%)
TP 2: 3 (25%)
Remainder (25%): trailing SL, excessive volume, culmination.
Why trade?
1/ FA: gaming narrative (AXS/BTC which made 900% since beginning of July, SAND/BTC cathing up...)
2/ MA squeeze on D1, breakout on H4 (trading above EMA 200 on H4)
3/ decent volume on h4 and a wide-spread bar
4/ slow bleeding on declining volume since May, 19
p.s. GHST - native aavegothci (gaming) token. Decent project. Used to play for a little while....
SL: 0.9 (confirmation on H4)
TP 1: 1.8 (30-50%). More conservative: 1.48 (25%), 1.8 (25-30%)
TP 2: 3 (25%)
Remainder (25%): trailing SL, excessive volume, culmination.
Why trade?
1/ FA: gaming narrative (AXS/BTC which made 900% since beginning of July, SAND/BTC cathing up...)
2/ MA squeeze on D1, breakout on H4 (trading above EMA 200 on H4)
3/ decent volume on h4 and a wide-spread bar
4/ slow bleeding on declining volume since May, 19
p.s. GHST - native aavegothci (gaming) token. Decent project. Used to play for a little while....
Note
TP1 (conservative) reached. Decided to fix 20%Trade active
Great! TP1 ($1.8) reached. Have fixed 40%.
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.