Hero Dangerously Close...
Updated
HERO could be a LONG Hero very soon if 
BTC can hold the line and stay within this range. The set up is beautiful if it breaks out with both RSI (at oversold) and OBV showing bullish div while selling volume declining into support. A lot of the boxes checked for this one to pop. It really rides on Bitcoin not tanking, but honestly it could play out like Waves chart and Anchor has against the market with this type of bullish set up.
Desceding wedge PT would be .057. Wait for H4 break out of wedge and volume to support.
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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
BTC can hold the line and stay within this range. The set up is beautiful if it breaks out with both RSI (at oversold) and OBV showing bullish div while selling volume declining into support. A lot of the boxes checked for this one to pop. It really rides on Bitcoin not tanking, but honestly it could play out like Waves chart and Anchor has against the market with this type of bullish set up. Desceding wedge PT would be .057. Wait for H4 break out of wedge and volume to support.
——————————————————————————————
Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
Note
Still in wedge and at support. If Bitcoin drops back to bottom of range, this could fall out. Watching Bitcoin to see how this will play out.Note
breaking out with bullish div
Trading:
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Phemex: Referral Code= EC7RK2
Bybit: Referral Code= 47YY0
Kucoin: Referral Code= 1syh4
Savings:
Nexo: nexo.io/ref/vapxz4xm8x?src=ios-link
BlockFi: Referral Code= 88fda124
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