Long
YOYO/BTC
3 Reasons:
Location: At New lows support.
Momentum: Divergence confirmed, Double W's in OBV n Willy
Structure: W confirmed, enter at confirmation of double bottom and risk against its structure low.
Profit Objective is 2:1 R/R min, aiming for Fib 50% retracement
Location: At New lows support.
Momentum: Divergence confirmed, Double W's in OBV n Willy
Structure: W confirmed, enter at confirmation of double bottom and risk against its structure low.
Profit Objective is 2:1 R/R min, aiming for Fib 50% retracement
Trade closed: target reached
We have hit our 2:1 R/R and taken our trade out.
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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.