SQRUSDT SPOTPanjang
$SQR - 1 Hour Chart - Elliott Wave Analysis
Trade Idea:
Identification: Currently,
SQR appears to have completed 5 waves up and is in a stage of retracement. It is also currently overbought on the 8 hour and daily.
Entry Point: Consider entering a long position on the retracement paying attention to the 0.5 to 0.882 Fibonacci retracement levels.
Stop-Loss: Place a stop-loss order just below the start of wave 1 (0.5168)
Take-Profit: Target a price level at the 1 Fibaonacci Level at 0.87312 which is the minimum expectation for the move back up.
Risk Management:
Only risk a small percentage of your trading capital on this trade.
Use proper position sizing to manage risk effectively.
Stay updated with market news and adapt your strategy accordingly.
Identification: Currently,
SQR appears to have completed 5 waves up and is in a stage of retracement. It is also currently overbought on the 8 hour and daily.Entry Point: Consider entering a long position on the retracement paying attention to the 0.5 to 0.882 Fibonacci retracement levels.
Stop-Loss: Place a stop-loss order just below the start of wave 1 (0.5168)
Take-Profit: Target a price level at the 1 Fibaonacci Level at 0.87312 which is the minimum expectation for the move back up.
Risk Management:
Only risk a small percentage of your trading capital on this trade.
Use proper position sizing to manage risk effectively.
Stay updated with market news and adapt your strategy accordingly.
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.