Thoughts
- 200EMA and 50EMA waiting for the "Golden Cross", but still not close enough
- Hovering on the 0.236 Fib, for some time now
- Dropped below Support trend line, it has been rejected by the now Resistance trend line
- Still within a strong support zone, accumulation zone almost.
- Personally, I dont like it when hovering around the support zone for too long.
- I think it's worth going long with a tight stop loss
- At time of post GRS is trading 0.000061, I think the stop loss would be just below the mid term low (0.00005)
- First target would be breaking through the trend line and heading towards 0.382 Fib (0.000085)
- Risk 18%, Reward 39%, R/R 2.1
- 200EMA and 50EMA waiting for the "Golden Cross", but still not close enough
- Hovering on the 0.236 Fib, for some time now
- Dropped below Support trend line, it has been rejected by the now Resistance trend line
- Still within a strong support zone, accumulation zone almost.
- Personally, I dont like it when hovering around the support zone for too long.
- I think it's worth going long with a tight stop loss
- At time of post GRS is trading 0.000061, I think the stop loss would be just below the mid term low (0.00005)
- First target would be breaking through the trend line and heading towards 0.382 Fib (0.000085)
- Risk 18%, Reward 39%, R/R 2.1
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.