Price is stuck under the first local resistance zone (blue). To continue a bullish trend, the 1D candle should not be closed below the blue zone.
This coin will be interesting to purchase if we price can go through the local support (blue). The goal - edge of an orange block. Otherwise, we will go down to test the "rocket level". If it breaks - we will go to the "B" zone.
2 possible scenarios I marked in the chart!
This coin will be interesting to purchase if we price can go through the local support (blue). The goal - edge of an orange block. Otherwise, we will go down to test the "rocket level". If it breaks - we will go to the "B" zone.
2 possible scenarios I marked in the chart!
Trade closed: target reached
Target is reached. You can fix your profit, or set a non-lose stop-order
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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.