Long
REEF/USDT 4H Timeframe entry points (1:3 risk/reward ratio)
Weekly timeframe:
Looks bullish, but i think it's just retesting the previous resistance.
Just broke above a bullish tunnel.
Daily timeframe:
Looks bullish (price above 20MA)
Tested the Daily support on 0.037$ and is now heading to the next Daily resistance 0.046$.
4H timeframe:
Price increasing
Testing resistances at 0.04
1H Timeframe:
Double bottom pattern
Strong Daily support 0.037
Next Daily support is 0.046
Strategy:
1st entry (75%): 0.039
2nd entry (25%): 0.037
Stop loss: 0.036 (below wicks on the left)
1st exit (breakeven): 0.045
2nd exit: 0.0475
Good trades!
BM
Looks bullish, but i think it's just retesting the previous resistance.
Just broke above a bullish tunnel.
Daily timeframe:
Looks bullish (price above 20MA)
Tested the Daily support on 0.037$ and is now heading to the next Daily resistance 0.046$.
4H timeframe:
Price increasing
Testing resistances at 0.04
1H Timeframe:
Double bottom pattern
Strong Daily support 0.037
Next Daily support is 0.046
Strategy:
1st entry (75%): 0.039
2nd entry (25%): 0.037
Stop loss: 0.036 (below wicks on the left)
1st exit (breakeven): 0.045
2nd exit: 0.0475
Good trades!
BM
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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.