SQRUSDT SPOT
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$SQR - 1 Hour Chart - Elliott Wave Analysis

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Trade Idea:

Identification: Currently, SQR appears to have completed 5 waves up and is in a stage of retracement. It is also currently overbought on the 8 hour and daily.
Entry Point: Consider entering a long position on the retracement paying attention to the 0.5 to 0.882 Fibonacci retracement levels.
Stop-Loss: Place a stop-loss order just below the start of wave 1 (0.5168)
Take-Profit: Target a price level at the 1 Fibaonacci Level at 0.87312 which is the minimum expectation for the move back up.

Risk Management:

Only risk a small percentage of your trading capital on this trade.
Use proper position sizing to manage risk effectively.
Stay updated with market news and adapt your strategy accordingly.

Aviso legal

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