Buying between $28 - $32 Looks reasonable with a recent dip while I was charting. 3 Questions - Do you feel safe in PolkaDot recovering? Is your entry, SL & TP calculated and ready to set? Are you happy to enter against the trend or will you wait for confirmation? Please feel free to use my draw-up as a reference but do your own TA and make your own...
Look to Enter 0.1774 0.1703 Levles Of Support 0.1524 0.1365 0.1166 Resitsance levels 0.1910 0.2041 Take Prtofits 0.2673 0.3501 0.5143 0.8381
Sol/USDT looking strong to break through to 150 - 155 14.9 major resistance. I am a bit late to notice this but a SL around 139.15 to A TP of 155.07. That's 1.5 risk for 2.5 gain. Based on 1 hr. Have a lovely day all :)
Rough analysis - Bought - SOL/USDT 100.26 SOL/USDT Limit Maker Sell 108.58 SOL/USDT Stop Loss Limit Sell 96.67
TP & SL marked on chart - RSI Is improving on 5 min at 57 - should carry through to 15 min where I make a lot of my judgment calls. May be worth watching and trailing SL.
1hr View It has had a few good runs so have used it to day to mark out my support, resistance and trend lines. Every day starting with charting! Purple rectangle - 1 day Yellow - 4hr Green - 1 hr IOTA kicked away from descending wedge and went bullish - Parallell Channel represents this. Needs to break resistance at 1.05 - you could look to trade the channel...
Blue - 1 day Support & Resistance Orange - 4 hr Support & Resistance Green - 1 hr Support & Resistance Buy 3.1 Sell 3.5 Stop Loss 2.9 Practicing my draw ups - but I hope this is helpful for you. Please don't make investments based on this blokes set of eyes.
Good Volume - 58.12 RSI MACD - Crossed and is bullish Support - 36.7068 Enter 43.0 Take Proft 45.148 Stop Loss 42.7962
Trend Identified in last 24 hrs - linked to previous AXSUSDT Post
Flag Marks - Resistance touched 3 times but didn't break through. Similar trend forming from the last push up to support. Has broken out of downard channel and RSI is a steady 55.27. RSI would need to hold above 53 - trend indication only. Green Trend Line is outlining a replication of the last push to support. 50/50.
(0.1703 - 0.169) Key points based on a previous bull run 0.18758< Long Take Proft 0.1666 < Stop Loss I have reviewed it at 4hr but simplified it to a 30-minute chart. I think a larger stop limit would need to be in place to allow for the full potential take profit. Rebounding well from oversold indicators. Could - potentially signal a swing and a cheap...
SLP = A great learning experience for me. I have been trying to learn patience and just back my initial decision. I don't have a large account - I'm just learning and enjoying the community. Anyway - Since the last update! I have been able to set my stop loss now allowing me to break even with enough room for take profit. No notification of being stopped...
New Draw Up for questions around SLP. Draw Up -1 Hour Chart 50.493 RSI Stoch RSI - Just about to cross signal (14,14,3,3).76-79 Keep an eye on the 50-day moving average. 4hr Chart - figures at the time of writing. 42.2 RSI Stoch RSI - (14,14,3,3). Just crossed back over signal 61 - 57 I left indicators there just to show what I normally work with but feel...
Quick draw up. Long Positions Note: Buy in as still no confirmation in the swing quite yet. Multiple opportunities as long as prcie stays in upward channel stays
16.1 Buy 17.2 Take Profit - reassess Stop Loss 15.6
High Volume and breakout above the resistance line.