ZRX Conservative Bullish Trade
Just spotted a Bullish Butterfly on ZRX.
There is also divergence in the MACD.
Advantages of this trade:
A handsome Risk Reward,
The Butterfly is almost to good to be true. It has very precise ratios.
Extremely conservative trade.
The retracement to 23.6% retracement is very likely.
There is a nice W in the 1hr chart that is giving a solid base for a nice PRZ. (Potential Reversal Zone)
Disadvantages:
Is not alt season.
Is crypto.
Dump can happen anytime.
Target :0.2117 (23.6% retracement level). If you want to be bit more agressive you can go for the 38.2% and even the 50% and 61.8% retracements. Perhaps you can do this by trailing your stop. Personally i rather go conservative.
Stop Loss: 0.1576 (very tight)
If you like the analysis, a like will be greatly appreciated.
One day we will feast together.
Cheers.
There is also divergence in the MACD.
Advantages of this trade:
A handsome Risk Reward,
The Butterfly is almost to good to be true. It has very precise ratios.
Extremely conservative trade.
The retracement to 23.6% retracement is very likely.
There is a nice W in the 1hr chart that is giving a solid base for a nice PRZ. (Potential Reversal Zone)
Disadvantages:
Is not alt season.
Is crypto.
Dump can happen anytime.
Target :0.2117 (23.6% retracement level). If you want to be bit more agressive you can go for the 38.2% and even the 50% and 61.8% retracements. Perhaps you can do this by trailing your stop. Personally i rather go conservative.
Stop Loss: 0.1576 (very tight)
If you like the analysis, a like will be greatly appreciated.
One day we will feast together.
Cheers.
Nota
Stop too tight.
“All fixed set patterns are incapable of adaptability or pliability. The truth is outside of all fixed patterns” BL
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.
“All fixed set patterns are incapable of adaptability or pliability. The truth is outside of all fixed patterns” BL
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.