Long first retest of support on Zilliqa
Updated
The plan here is to long the first retest of support at around 376 sats.
I'm hoping that the support level where price is currently will fail for a nice opportunity to long the next level under.
TP is at what i think is the next closest strong resistance.
All ive used here is simple horizontal support and resistance lines, lets see how this goes.
I'm hoping that the support level where price is currently will fail for a nice opportunity to long the next level under.
TP is at what i think is the next closest strong resistance.
All ive used here is simple horizontal support and resistance lines, lets see how this goes.
Trade closed: target reached
Well this worked out perfectly, my entry got hit right on 377sats and target was reached at 403 sats.On to the next one.
Note
Obviously i could have gotten more profit here by setting TP at the obvious resistance where price got rejected but I've lost many trades by doing this is the past so id rather stay safe than sorry.
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