Hello traders,
I will be switching gear a little bit as cryptocurrency trading is becoming a little bit of boring. Don't get me wrong, I simply stopped trading and I intended to go back again when I see the opportunity.
Looking at the 4 hour chart, we see that WEED is forming a daily equilibrium since September and it is hitting the buy zone which roughly overlaps with 50% fibonacci level. There was a huge buying volume in 5 mins before the day closed which indicate potential trend reversal.
There should be another wave of hype before legalization in Canada, therefore I will set two selling orders.
First one will be around $68-69 where I expect some blue trendline resistance. I will sell 50% of my share at this point.
Second one will be around $74-$75, as there may be a fake bull breakout before Oct 20th. Most likely it will be pumped and dumped so I will see all my shares around that range.
Stop loss: $56
Happy trading!
I will be switching gear a little bit as cryptocurrency trading is becoming a little bit of boring. Don't get me wrong, I simply stopped trading and I intended to go back again when I see the opportunity.
Looking at the 4 hour chart, we see that WEED is forming a daily equilibrium since September and it is hitting the buy zone which roughly overlaps with 50% fibonacci level. There was a huge buying volume in 5 mins before the day closed which indicate potential trend reversal.
There should be another wave of hype before legalization in Canada, therefore I will set two selling orders.
First one will be around $68-69 where I expect some blue trendline resistance. I will sell 50% of my share at this point.
Second one will be around $74-$75, as there may be a fake bull breakout before Oct 20th. Most likely it will be pumped and dumped so I will see all my shares around that range.
Stop loss: $56
Happy trading!
Nota
Would you look at that while Bitcoin is stuck at $6500 for the longest time, WEED is making its move. If you bought it when I posted yesterday, congrats on 8% profit :)There is a resistance around $66 so I may swing trade a little around that region.
Nota
Decent day in WEED today, can't complain to quick 10% profit. I sold some of my position, hoping to get back right in around $62. Dagangan ditutup: sasaran tercapai
First target reached! Let's see if it hits second targetDagangan ditutup: sasaran tercapai
The second target reached. Just look at that selling pressure after reaching my second target.
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.