Long
STORMBTC- Potential Swing Trade Opportunity (15-25%)
Hi guys, I'm keeping an eye on Storm, seeing as it broke out of its wedge. If you look at the graph, you can see that it's just itching to come up, so I'm proposing the strong possibility of opening a decent swing play here. If we see no further downside, entry at around 511 Sats would be good. If we see continued downside, seek entry at either purple line.
TP lines are color coded to indicate increased level of risk, but obviously with higher reward. Regardless, I think 570 Sats is a safe place to take profits.
Let's see how this plays out. Trade volume is currently fourth on Binance for BTC pairs, so the potential for trade gains is strong.
For reference, here is 15M chart:
TP lines are color coded to indicate increased level of risk, but obviously with higher reward. Regardless, I think 570 Sats is a safe place to take profits.
Let's see how this plays out. Trade volume is currently fourth on Binance for BTC pairs, so the potential for trade gains is strong.
For reference, here is 15M chart:
Note
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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.