Depo BreakoutDepo Daily tag of bottom band and 50MA. Now, breakout of wedge. Looking for a move back to top of wedge.
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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
DEPO
DEPO trendTA looks unbelievable. The team behind depo is also Killing it. If the chart isn't convincing you, check into all the new releases and the motivation from depo socials. Unique Wallet addresses increasing weekly. Under 100mil MC. Its still early on this one
DEPO - Short signalA good short signal, given the general market sentiment at the moment. The correction in the markets forces to reduce the positions of investors in risky assets.
We expect the price to fall to the level of 5-6 $
Open 6.50
SL 6.82
TP 5.86
Good Luck!
DEPO - Breakout Long trade from $8.57 to $11.63DEPO seems getting ready for an upward break. It has really good insider buying from CEO & President. For aggressive entry we can consider getting in here or we can wait for the break of $9.03 for breakout confirmation.
* Trade Criteria *
Date First Found- January 11, 2018
Pattern/Why- Breakout trade
Entry Target Criteria- Breaks above $8.57 for aggressive entry or above $9.03 for confirmation of break
Exit Target Criteria- 1st target $11.63, 2nd Target- Momentum
Stop Loss Criteria- $7.87
Please check back for Trade updates. (Note: Trade update is little delayed here.)
DEPO - Long - What do you see? Bullish Divergence with price lowest since Dec 2013. Bullish Candle Reversal. Price in the 1.13 - 1.27 fib extension. And AB=CD. Connors RSI Again oversold.
DEPO - Long - Get Ready - Harmonics, Connors RSI, and Elliot These are the set ups we trade for. Connors RSI hit a low of 6, signaling possibly over sold. (Green rectangle). We have " near perfect Butterfly and a PERFECT 38.2 AB=CD that has completed inside this Butterfly.
Price is trading at it's 52 year low on pretty good volume.
Elliot Count preferred says this is beginning of new Wave 1. Alternate count would it starting Wave 3. Either way, me thinks we have a nice reversal set up.
We can wait for TSI to turn Positive, and for a Bullish Candle reversal. Also, we could wait for the XA projection to fully complete to 1.27XA also.
I'm not ready yet, but I have freed up some capital to pull trigger on this one should we get confirmation. Here's the big picture zoomed out:
$DEPO Bullish Gartly $DEPO weekly chart formed bullish Gartly, there is no strong support analysis from professional analyst, but I like to watch this when it test the support around $10 area.
