$REQBTC buy opportunity - 1D TF
I went in long $REQBTC yesterday as it looks to be building up on the daily and provides a favorable RR ratio.
4H MA50 has crossed MA200 and seemingly holds.
1D MA50 is closing to MA200 - it is now decision time. Volume is low - ready for a break-out to the up- or downside.
SL IF daily closes below MA50 and DC20 OR if on the 4H TF there is a bearish reversal close to respective day's end that suggests daily will fulfill the criteria (to optimize losses).
Next resistence is under 349 providing almost 100% potential gain.
Any comments are more than welcomed! Thank you and please trade carefully and with money you can afford to lose.
4H MA50 has crossed MA200 and seemingly holds.
1D MA50 is closing to MA200 - it is now decision time. Volume is low - ready for a break-out to the up- or downside.
SL IF daily closes below MA50 and DC20 OR if on the 4H TF there is a bearish reversal close to respective day's end that suggests daily will fulfill the criteria (to optimize losses).
Next resistence is under 349 providing almost 100% potential gain.
Any comments are more than welcomed! Thank you and please trade carefully and with money you can afford to lose.
Operación activa:
4H:
Comentarios:
1W - look at how weekly MA50 is currently well-aligned with next resistance identified on the daily by using DC20.
Operación cerrada manualmente:
For transparency - I have closed this trade and went after trades with better momentum potentially such as $MATICBTC and $RCNBTC.
This has not yet met SL criteria however due to the above I have closed my trade
This has not yet met SL criteria however due to the above I have closed my trade