I just now entered a new long position on moodeng. I was in it before, took 50% take profit at $0.221 area then it came back and stop me out, still made profit.
This is 2nd attempt , considering its thursday - getting closer to end of week I think its less likely to fall lower as I did analyze from the weekly down and deduced that by end of week or before then we'll hit the 0.24 target.
Sl is : $0.18839, should be sufficient incase we get another attempt to make new lows on 4hr tf
Tp 1: $0.22431
Exit: $0.24
This is 2nd attempt , considering its thursday - getting closer to end of week I think its less likely to fall lower as I did analyze from the weekly down and deduced that by end of week or before then we'll hit the 0.24 target.
Sl is : $0.18839, should be sufficient incase we get another attempt to make new lows on 4hr tf
Tp 1: $0.22431
Exit: $0.24
Trade active
Exit moodeng. Wait some more
Note
Aite went back into moodeng long. Stop-loss or TP, trusting initial analysis. 4hr is currently bearish and 1hr but it still bullish on weekly an daily and I anticipated 4hr will flip back bullish soon as its relatively low but still it could drop a bit lower but I doubt it will fall to sl of $0.18744 before continuing up. Note
Aite went back into moodeng long. Stop-loss or TP, trusting initial analysis. 4hr is currently bearish and 1hr but it still bullish on weekly an daily and I anticipated 4hr will flip back bullish soon as its relatively low but still it could drop a bit lower but I doubt it will fall to sl of $0.18744 before continuing up.
Note
0.185 moodeng sl adjust. Market dropped a bit impulsively and is currently at daily support so likely to wick up
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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.