PYR/USDT
As long as the price movement maintains the horizontal support, we are on the verge of a major price pump.
But due to the inherently fluctuating market conditions during the coming period, especially with the upcoming news about Bitcoin, we must be very careful.
Initially, I'd suggest to DCA your entry at least for two equal parts, the first stage from the current price: 7.11
The second is in case the support is tested again at 5.66.
Here is the final setup info
Entry 1 : 7.12
Entry 2 : 5.66
Average : 6.39
TP1 : 9.06 | 42%
TP2 : 11.99 | 88%
Stop : 4.96
As long as the price movement maintains the horizontal support, we are on the verge of a major price pump.
But due to the inherently fluctuating market conditions during the coming period, especially with the upcoming news about Bitcoin, we must be very careful.
Initially, I'd suggest to DCA your entry at least for two equal parts, the first stage from the current price: 7.11
The second is in case the support is tested again at 5.66.
Here is the final setup info
Entry 1 : 7.12
Entry 2 : 5.66
Average : 6.39
TP1 : 9.06 | 42%
TP2 : 11.99 | 88%
Stop : 4.96
Trade active
Entry 1 : 50% entryTrade active
Entry 2 : 50% EntryAverage Price : 6.39
We should expect an impulsive wave from here.
Let's wait and see
Trade active
Entry 2 and now we are running on +15% profit
Note
Achieved TP1
Patience is a key level
Note
Short Term targets 11 - 12
Mid term goals
15 - 19
Long term
49
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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.