Hi guys, I dedicate this analysis to the HFT coin. For many coins, a 1D, 7D reversal is visible, and this is one of them.
At the time of publication of this post, HFT broke through the sidewall in which it was (+-21 days), which means it's time to consider a setup for a long time!
So, we have a zone where a major player gained a position and did not let the asset go lower. Now we are leaving this zone and if the day closes above the level of 0.4793 (0.48 is a round number, yes), then it's time to look long.
The biggest disadvantage is the stop loss, here it will not be very pleasant, you can place it at the level of 0.48 or 0.45, in any case, you will have a risk reward ratio above 1k3.
I would fix part of the position at 0.58, and keep the rest until 0.72, in any case, it's up to you where to fix the position!
I have everything! Have a good mood and let's earn as much money as possible in this market!