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LONG position, countertrend, SNXUSDT
Synthetix Network Token / Tether
Long
LONG position, countertrend, SNXUSDT
By TradingDutch-com
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Aug 5, 2023
2
Aug 5, 2023
- Entry based on bullish engulfing
- Bearish momentum decreased
- SL 1 ATR from bottom green plane
Considering the fluctuation of this coin it is quite a low SL,
so I placed an alert on the lower (counter) trendline
- 1 target of 50% due to countertrend.
(there is a downward trend going on on the higher time frame)
➡️ LONG SNXUSDT
❇️ Entry: 2.490785
☑️ Target 1: 2.82
☑️ Target 2: runner
(depends - higher time frame is downtrend)
☑️ Target 3: none
☑️ Target 4: none
⛔️ Stoploss: 2.293283 -1ATR = 2.075 (=stop. Limit: 2.0725)
Candlestick Analysis
Support and Resistance
Trend Lines
TradingDutch-com
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