ALGO/BTC
A big spike in volume and a bullish engulfing candle. All we need is a daily candle close in the next few hours.
This is a clear Higher High and Higher Low and a new market structure.
I'll wait for a healthy pullback to confirm old resistance turned into new support.
Trade setup
Buy area: 3562 Sats - 3280 Sats
Sell target: 3800 Sats - 6000 Sats
Stop loss: 2750 Sats
A big spike in volume and a bullish engulfing candle. All we need is a daily candle close in the next few hours.
This is a clear Higher High and Higher Low and a new market structure.
I'll wait for a healthy pullback to confirm old resistance turned into new support.
Trade setup
Buy area: 3562 Sats - 3280 Sats
Sell target: 3800 Sats - 6000 Sats
Stop loss: 2750 Sats
Trade active
up 7% profit
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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.
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.