Long
LABSUSDT
Going to build a position after confirmation of:
1) Daily Candle close above SMA 13
2) Confirmation on the daily of the break-out of the RSI downtrend
3) Confirmation on the bullish break-out of the bullish pennant
SL below 0.00877 after daily candle close
Reason: Below SMA 50, SMA should act as support
When do I think it's invalid?
1) If BTC cut's right trough 0.49 dominance level alts will suffer.
1) Daily Candle close above SMA 13
2) Confirmation on the daily of the break-out of the RSI downtrend
3) Confirmation on the bullish break-out of the bullish pennant
SL below 0.00877 after daily candle close
Reason: Below SMA 50, SMA should act as support
When do I think it's invalid?
1) If BTC cut's right trough 0.49 dominance level alts will suffer.
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.
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.