MEW buy/long setup (4H)
Updated
From where we put the green arrow on the chart, it looks like we have an ABC on the chart, which wave B was a triangle and now it is over.
We seem to be in wave C now.
On the chart, we have a demand range on which we are looking for buy/long positions.
The targets are marked on the chart
Closing a daily candle below the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
We seem to be in wave C now.
On the chart, we have a demand range on which we are looking for buy/long positions.
The targets are marked on the chart
Closing a daily candle below the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Trade active
From the peak of the pump, it has dropped more than 20% so far and has reached the entry range.
As long as it is above $0.57, it is bullish.
Falling momentum is a bit high, use low and medium risk
Trade active
After a heavy drop and hitting the green range, it pumped more than 20% and hit TP 1
Trade closed: target reached
More than 45% has been pumped from our entry range so far. All three of our targets were hit
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