BUY: 1.12 – 1.18 (Wait for price to reclaim the EMAs before entering)
TARGETS:
1) 1.44
2) 1.77
STOP: When a 4h candle closes below 0.98
Rationale:
-The 100 and 200 EMA have acted as strong support for the duration of the uptrend.
-More recently, the price has been conforming to an ascending channel.
-The RSI has also been moving in a channel and is at a key support/resistance level.
-If the RSI can break and hold above the channel it should also hold above the 200EMA. This is our signal to enter a long position.
-The confluence with the 200EMA and RSI gives us confidence in taking a long position once the EMA is reclaimed as support.
Your risk, your reward. This is not financial advice.
Happy trading.
TARGETS:
1) 1.44
2) 1.77
STOP: When a 4h candle closes below 0.98
Rationale:
-The 100 and 200 EMA have acted as strong support for the duration of the uptrend.
-More recently, the price has been conforming to an ascending channel.
-The RSI has also been moving in a channel and is at a key support/resistance level.
-If the RSI can break and hold above the channel it should also hold above the 200EMA. This is our signal to enter a long position.
-The confluence with the 200EMA and RSI gives us confidence in taking a long position once the EMA is reclaimed as support.
Your risk, your reward. This is not financial advice.
Happy trading.
Trade active
Target 1 hit
Regular $100k+ profit daily.
Join my Discord - see ForgeTrades.com for details.
Follow me on Twitter!
Get discounted fees here:
ftx.com/
partner.bybit.com/b/Forge
binance.com/en/register?ref=13128793
Join my Discord - see ForgeTrades.com for details.
Follow me on Twitter!
Get discounted fees here:
ftx.com/
partner.bybit.com/b/Forge
binance.com/en/register?ref=13128793
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.
Regular $100k+ profit daily.
Join my Discord - see ForgeTrades.com for details.
Follow me on Twitter!
Get discounted fees here:
ftx.com/
partner.bybit.com/b/Forge
binance.com/en/register?ref=13128793
Join my Discord - see ForgeTrades.com for details.
Follow me on Twitter!
Get discounted fees here:
ftx.com/
partner.bybit.com/b/Forge
binance.com/en/register?ref=13128793
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.