1000Pepe was a fun thing to play in the recent months with high volatility. Currently looking at two scenarios.
Scenario 1 (Blue arrow) (Position opened)
Price stays above the the blue line (bottom of the range, former support level) (Also served as a short term resistance [See the two yellow circles])
and moves towards the 50% of the range, slight resistance and then takes out the top part of the resistance
S-L: A 2 days closing below the bottom of the range
Target: Slightly below the top of the range
Scenario 2 (Green arrow) (Only opened after Position one was either closed with a target hit or Stop- Loss hit)
Price falls below range bottom and retakes it. On the first minor downtrend (4h) after the retake buy.
S-L: Price reaches marked Stop- Loss- Level
Target: Slightly below the top of the range
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
Scenario 1 (Blue arrow) (Position opened)
Price stays above the the blue line (bottom of the range, former support level) (Also served as a short term resistance [See the two yellow circles])
and moves towards the 50% of the range, slight resistance and then takes out the top part of the resistance
S-L: A 2 days closing below the bottom of the range
Target: Slightly below the top of the range
Scenario 2 (Green arrow) (Only opened after Position one was either closed with a target hit or Stop- Loss hit)
Price falls below range bottom and retakes it. On the first minor downtrend (4h) after the retake buy.
S-L: Price reaches marked Stop- Loss- Level
Target: Slightly below the top of the range
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
İşlem aktif
Currently in Position (See Scenario 1)Not
Looking good, already ~ +30%Not
Price moved so far as shown with the blue arrow (Scenario 1): Moved higher than the 50% Fib level and reacted to the S/R Level above.İşlem elle kapatılmış
Dont like how the market structure is looking. Will close the position here. +34%
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.