CSTIUSDT 4H long setup; W-formation pattern
TA Explained
After a strong impulsive move CTSI pulled back and formed a support area. It dropped below it twice but regained it now again. Price action is forming a W-formation now. Consolidation at the neckline would increase the trade probability.
Trade setup
Best entries: 0.18439 - 0.20996
TP1: 0.26322
TP2: 0.34242
TP3: 0.41718
SL: 0.15344
RR: 5.09
Max leverage: 1x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
After a strong impulsive move CTSI pulled back and formed a support area. It dropped below it twice but regained it now again. Price action is forming a W-formation now. Consolidation at the neckline would increase the trade probability.
Trade setup
Best entries: 0.18439 - 0.20996
TP1: 0.26322
TP2: 0.34242
TP3: 0.41718
SL: 0.15344
RR: 5.09
Max leverage: 1x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)