Swing Trade (D, 240)
On daily price is in Over all Buyers territory and price is ranging for a while around the blue area. We got a nice pullback to the Support Level 0.00000456 level and we turned many people into sellers. On trading time frame the recent seller is taken away by the buyers with lots of power and the price shows that it can't make a LL as it leaves a probe or spike at the bottom . This is a conservative entry and proper Risk Management needs to be taken. As we are correlating with BTC, it has a good strength and that is one of the minus point
Entry: 0.00000531
TP: 0.00000736
Stop loss: 0.00000444
Position Size: 1% Risk on your capital/0.3915
Risk/Reward: 1:6 So, HH RR.
If TP is hit then we will be at 26% profit.
Buy from Sellers and Sell from Buyers.