Market Context: BRETT is displaying minor higher lows but hasn't confirmed significant higher highs yet. As the price approaches the $0.07 level, it enters a critical zone where market makers could potentially sweep the lows and form a double bottom, offering a strong risk-to-reward setup.
Trade Setup:
Entry: Around the $0.07 area.
Take Profit:
First target: $0.11
Second target: $0.14
Third target: $0.17
Stop Loss: Daily close below $0.05.
This trade offers a favourable risk-to-reward ratio as we aim to capitalize on the potential double bottom formation. #BRETT #Crypto
Trade Setup:
Entry: Around the $0.07 area.
Take Profit:
First target: $0.11
Second target: $0.14
Third target: $0.17
Stop Loss: Daily close below $0.05.
This trade offers a favourable risk-to-reward ratio as we aim to capitalize on the potential double bottom formation. #BRETT #Crypto
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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.