Long
CMT/BTC - Buying Opportunity
After CMT hit 980, it confirmed the successful Double Bottom pattern
Touching resistance, CMT dropped to support zone 800-850
Currently, 800-850 is a safe buying zone with stoploss right at 800
If the next upward movement breaks the previous resistance (980), the second potential target is 1160
Buy at 800-850
Target 1: 940 - 980
Target 2: 1130 - 1160
Stoploss: 800
Risk / Rewark Ratio Tp1 = 3.5
Risk / Rewark Ratio Tp2 = 6.67
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Touching resistance, CMT dropped to support zone 800-850
Currently, 800-850 is a safe buying zone with stoploss right at 800
If the next upward movement breaks the previous resistance (980), the second potential target is 1160
Buy at 800-850
Target 1: 940 - 980
Target 2: 1130 - 1160
Stoploss: 800
Risk / Rewark Ratio Tp1 = 3.5
Risk / Rewark Ratio Tp2 = 6.67
** If you like our free content follow our profile (tradingview.com/u/DrDarvas/) to get more daily ideas. **
Comments and likes are greatly appreciated.
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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.