Traders,
I'm a bit over-weighted in my public portfolio rn, but I really do like this setup in the DeFi coin JOE.
Bullish Indicators:
*Hidden Bullish Divergence on RSI
*Close to Bullish Triangle Exit
*Above the 200 Day MA
Bearish Indicators:
*Under the June 4th Crash Level
*Possible re-trace to bottom of triangle
If I were to enter here, I'd have a Risk/Reward ration of 3/1 - pretty decent!
My target would be that Pivot Low from Jan '22
And I'd put a stop limit just under that .27 cents level at .25 ish.
The profit potential here of over 90% with no leverage on this setup is amazing!
None of this should be construed as financial advice. This was an exercise in conjecture if I were to throw my remaining public portfolio cash at this trade.
Best,
Stew
I'm a bit over-weighted in my public portfolio rn, but I really do like this setup in the DeFi coin JOE.
Bullish Indicators:
*Hidden Bullish Divergence on RSI
*Close to Bullish Triangle Exit
*Above the 200 Day MA
Bearish Indicators:
*Under the June 4th Crash Level
*Possible re-trace to bottom of triangle
If I were to enter here, I'd have a Risk/Reward ration of 3/1 - pretty decent!
My target would be that Pivot Low from Jan '22
And I'd put a stop limit just under that .27 cents level at .25 ish.
The profit potential here of over 90% with no leverage on this setup is amazing!
None of this should be construed as financial advice. This was an exercise in conjecture if I were to throw my remaining public portfolio cash at this trade.
Best,
Stew
Stewdamus Trades -
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Crypto predictions, targets, how-tos, and much, much more!
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Crypto predictions, targets, how-tos, and much, much more!
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Related publications
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.
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Related publications
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.