- CRON had a 300% increase in price between 2018-2019
- Followed by a seemingly healthy technical correction reaching the 618 Fib level
- Now, price has attempted to break that level twice, and failed
- On RSI, trend-line was broken and new higher low formed
- It has also formed a textbook bullish candlestick pattern on second attempt
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- Therefore two trade ideas can be generated with entries and stop loss being based off
the supporting demand zone or the candlestick pattern.
- The candlestick pattern allows you to risk more and take profits quicker, by having a smaller stop loss and allowing a higher number
of shares to be bought, but comes with higher risk of volatility taking out this stop loss before profits can be realized
- Risk may be placed on ONE idea or DIVERSIFIED into the two trading plans.
- Both trading plans have their own stop loss and both meet their individual required limits of at least 1:2 Risk/Reward
Disclaimer: Always ***measure & accept*** potential risk before entering any trade.
- Followed by a seemingly healthy technical correction reaching the 618 Fib level
- Now, price has attempted to break that level twice, and failed
- On RSI, trend-line was broken and new higher low formed
- It has also formed a textbook bullish candlestick pattern on second attempt
----------------------------------------------------------------------------------------------------------
- Therefore two trade ideas can be generated with entries and stop loss being based off
the supporting demand zone or the candlestick pattern.
- The candlestick pattern allows you to risk more and take profits quicker, by having a smaller stop loss and allowing a higher number
of shares to be bought, but comes with higher risk of volatility taking out this stop loss before profits can be realized
- Risk may be placed on ONE idea or DIVERSIFIED into the two trading plans.
- Both trading plans have their own stop loss and both meet their individual required limits of at least 1:2 Risk/Reward
Disclaimer: Always ***measure & accept*** potential risk before entering any trade.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.