Long
bullish case for YOYO
Updated
Bullish case for YOYO
- Now consolidating above daily order block
- RSI close to bullish territory
- Increase in volume
Buy 0.0000390 - 0.0000400 (Use stop loss)
Take profit:
TP1: 0.00000662
TP2: 0.00000859
TP3: 0.00000959
TP4: 0.00001072
Rebuy on retest/consolidation above indicated order blocks (gray area’s)
- Now consolidating above daily order block
- RSI close to bullish territory
- Increase in volume
Buy 0.0000390 - 0.0000400 (Use stop loss)
Take profit:
TP1: 0.00000662
TP2: 0.00000859
TP3: 0.00000959
TP4: 0.00001072
Rebuy on retest/consolidation above indicated order blocks (gray area’s)
Note
We've hit our buy target and managed to close within the daily order block. I see bullish divergence on the 1H which I expect to see play out either today or tomorrow. Depending on how significant the bounce is and accompanied volume I might close the trade earlier. I'd still expect us to at least hit TP1, but let's wait and see.I need to see a daily close above 0.00000470 in the coming days to remain bullish.
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