Bullish Pennant on the 4H chart.
It looks like there is a bullish set up on UMA coin which might translate to a price increase to the upward. My initial target would be at the 100 fib channel line around the $6.10 range.
The confirmation for the price to continue upward is the 4hours long red candle that was followed by a short green candle which form a Piercing pattern (Bullish).
Stop loss should be below the wick of the green candle around the $4.28 price mark.
Not a financial advice.
The confirmation for the price to continue upward is the 4hours long red candle that was followed by a short green candle which form a Piercing pattern (Bullish).
Stop loss should be below the wick of the green candle around the $4.28 price mark.
Not a financial advice.
Trade fechado: stop atingido
Stop loss was reached. But there is a better entrance around the $4.06 range since the red horizontal line is acting as a support. Same take profit target. Trade is closed.
Aviso legal
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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.