Long
Merit circle - buy on 4H
Dear traders and followers,
Merit circle has formed a descending wedge pattern and seems to found support between 3.15 - 3.20 after making a 75% correction since listing on Binance.
I have opened a small spot position right now and will add on this one after a break and close above the down trend line as drawn
in the chart. All other important informations for buy spot buy are drawn in the chart and indicators.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
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Merit circle has formed a descending wedge pattern and seems to found support between 3.15 - 3.20 after making a 75% correction since listing on Binance.
I have opened a small spot position right now and will add on this one after a break and close above the down trend line as drawn
in the chart. All other important informations for buy spot buy are drawn in the chart and indicators.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date/ don't miss new ideas
Thanks for your support!
Trade closed: stop reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
Related publications
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.
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
Related publications
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.