Confluence reasons
* Fibonacci Retracement: In the 0% to 100% fibonacci retracement, 50% has been done, which then follows by this little current retracement, which is having $370-$375 USDT as support as well...
So, it's wise to enter the trade when there is an end-of-day close price above 50% fib level followed by a confirmation candle to validate the movement leg.
Entry Price: $445 - $455
Take Profit price: $600 - $620
Stoploss price: $365 (near-support level)
RR: 1:2
Support me with your likes and follow...
Happy trading CryptoKings!
* Fibonacci Retracement: In the 0% to 100% fibonacci retracement, 50% has been done, which then follows by this little current retracement, which is having $370-$375 USDT as support as well...
So, it's wise to enter the trade when there is an end-of-day close price above 50% fib level followed by a confirmation candle to validate the movement leg.
Entry Price: $445 - $455
Take Profit price: $600 - $620
Stoploss price: $365 (near-support level)
RR: 1:2
Support me with your likes and follow...
Happy trading CryptoKings!
Nota
We can see the 50% level is tested again and still act as resistance, we can patiently wait for breakthrough above the 50% fib level followed by a confirmation candleNota
Daily price candle should lie above the 50% fib, and next day candle should trade above today's candle 🕯Trade attivo
Nota
As there is no probability that today's daily candlestick will close above yesterday's daily candlestick, so we wait for tomorrow's daily candle to trade above yesterday's daily candlestickDeclinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.