Long
TOMO 4H Review with FACTS
Positive Points for long position:
+ Low volatility (low volumes).
+ Clear buyer limit support.
+ Potential breakout soon (place limit orders with Fib).
+ Bullish RSI.
Negative Points for long position:
- Uncertain short-term direction.
- Local trend resistance.
- Below MA200.
- Possible breakdown.
- LH 4H
(?) BTC - not clear.
+ Tomo could definitely rise further. Low volatility presents an optimal opportunity for buying with limit orders. It's advisable to consider participating even in the event of a breakout (with strong market volumes) that will likely drive price higher.
- For day traders using a scalp strategy, a breakdown trade might also be favorable.
+ Low volatility (low volumes).
+ Clear buyer limit support.
+ Potential breakout soon (place limit orders with Fib).
+ Bullish RSI.
Negative Points for long position:
- Uncertain short-term direction.
- Local trend resistance.
- Below MA200.
- Possible breakdown.
- LH 4H
(?) BTC - not clear.
+ Tomo could definitely rise further. Low volatility presents an optimal opportunity for buying with limit orders. It's advisable to consider participating even in the event of a breakout (with strong market volumes) that will likely drive price higher.
- For day traders using a scalp strategy, a breakdown trade might also be favorable.
Trade closed: target reached
EZ 30%Note
Told you :)
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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.
Related publications
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.