BCH Continuation of Uptrend
Things to note
-> Forming a bull flag on the daily timeframe which is a uptrend continuation pattern.
-> Has retraced more than 50% already. I would like to see it retrace to 61.8% before continuing with the uptrend.
-> Forming a falling wedge on smaller timeframes.
-> Has tested HTL on daily timeframe once
-> Decent volume
-> RRR is pretty good considering the next target is a bit far
How am I trading this?
Keeping Low Leverage as this is a long term trade for me.
I'm spacing out my entries with last one being at 350 followed by a tight SL of course.
What are my indicators saying?
FOMO 4hr and Daily are sell signals which indicates that we could be heading down temporarily.
To play it safer by risking not having a LONG position if it runs here, you could enter around 390 or lower
Targets
465
530
590
648
-> Forming a bull flag on the daily timeframe which is a uptrend continuation pattern.
-> Has retraced more than 50% already. I would like to see it retrace to 61.8% before continuing with the uptrend.
-> Forming a falling wedge on smaller timeframes.
-> Has tested HTL on daily timeframe once
-> Decent volume
-> RRR is pretty good considering the next target is a bit far
How am I trading this?
Keeping Low Leverage as this is a long term trade for me.
I'm spacing out my entries with last one being at 350 followed by a tight SL of course.
What are my indicators saying?
FOMO 4hr and Daily are sell signals which indicates that we could be heading down temporarily.
To play it safer by risking not having a LONG position if it runs here, you could enter around 390 or lower
Targets
465
530
590
648
Trade ativo
Currently 28% up at 4x Leverage.Was 40% up at one point.
Another Good Trade.
Trade ativo
Made another sneaky pump today.Reached 52% profits at a moment.
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.