Hi folks,
Sandbox was flying high lately. There has occurred a ascending triangle.
The uptrend line has been tested many times before and has stood the test. We seeing it being tested now!
This testing of the uptrend is also forming a higher low in a bullish market.
As the RSI has declined lately It has formed a possible bottom. And momentum is searching for direction.
A beautiful low risk opportunity is here. I will use a tight stop loss at 1st support line.
So I risk $0.6350 (actual price) - $0.6100 (stop loss) = $0.0250
To win
1st resistance line $0.6350 - $0.7550 = $0.1200
$0.0250 x 5 = $1.1200 (plus minus) That is a nice risk/reward.
I put my bets!!
Sandbox was flying high lately. There has occurred a ascending triangle.
The uptrend line has been tested many times before and has stood the test. We seeing it being tested now!
This testing of the uptrend is also forming a higher low in a bullish market.
As the RSI has declined lately It has formed a possible bottom. And momentum is searching for direction.
A beautiful low risk opportunity is here. I will use a tight stop loss at 1st support line.
So I risk $0.6350 (actual price) - $0.6100 (stop loss) = $0.0250
To win
1st resistance line $0.6350 - $0.7550 = $0.1200
$0.0250 x 5 = $1.1200 (plus minus) That is a nice risk/reward.
I put my bets!!
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.