Long
LEND: Analysis and Trading Plan
Hi traders and welcome!
Price seems to have made a base, at least temporarily, so I want to find good opportunities and post as many as possible for you folks.
As you may know, Aave's LEND was one of the leaders of the previous leg up, so it's definitely worth paying attention to
I've outlined the analysis on the chart as you guys seemed to like that style best. Make sure you start with number 1 and then go through the rest of the annotations.
Now that you're caught up with Price Action (PA), let's take a look at possible price scenarios:
The reversal action of the tests is where I would be buying. The green arrows would have the highest probability of a continuation but a more limited Risk:Reward
That's it! I'll be posting updates as PA unfolds to keep you guys updated! Follow me to get updates as I post new analysis!
Please don't forget to give a thumbs up and be sure to post your entries and ideas in the comment section below!
Good luck and till next time traders!
Price seems to have made a base, at least temporarily, so I want to find good opportunities and post as many as possible for you folks.
As you may know, Aave's LEND was one of the leaders of the previous leg up, so it's definitely worth paying attention to
I've outlined the analysis on the chart as you guys seemed to like that style best. Make sure you start with number 1 and then go through the rest of the annotations.
Now that you're caught up with Price Action (PA), let's take a look at possible price scenarios:
The reversal action of the tests is where I would be buying. The green arrows would have the highest probability of a continuation but a more limited Risk:Reward
That's it! I'll be posting updates as PA unfolds to keep you guys updated! Follow me to get updates as I post new analysis!
Please don't forget to give a thumbs up and be sure to post your entries and ideas in the comment section below!
Good luck and till next time traders!
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