Syscoin / TetherUS
Updated

SYS looks very bullish (1D)

496
It seems that a diametric pattern has completed, and the price has reclaimed a key level. A pullback to this level is expected to hold as support, potentially leading the price toward higher zones.

The targets are marked on the chart, and as long as the green zone is maintained, a move toward those targets is expected.

A daily candle closing below the invalidation level would invalidate this analysis.

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Trade active
After the drop and hitting our entry zone, it pumped over 15% and TP1 was hit.
snapshot
Trade closed: target reached
It didn't quite reach the specified zone, but the bullish outlook on SYS was accurate and hit the first target
snapshot

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.