Arguments speaking for this Long trade and why am i taking it:
- Trendlines: The price action has formed an ascending triangle pattern, which is generally considered a bullish continuation pattern. The horizontal line represents resistance levels that the price has tested multiple times without breaking through, without consideringh the latest
BTCUSDT volatile move that resulted in that fake break.
- Exponential Moving Averages: The price is above the 2 Exponential Moving Averages (EMAs), suggesting a bullish trend. The EMAs also appear to have provided dynamic support during recent price dips.
- RSI: The Relative Strength Index is hovering around the 60 level, which suggests bullish momentum is present but not yet overextended into overbought territory (above 70).
- Breakout: There appears to be a breakout that happened already alongside with a small retest of the resistance. I believe it is all set to moon now after this move.
- Support Zone: There are visible support zones marked by rectangles, indicating areas where the price has previously found buyers.
the TA for
As for me as usual, i am going only for a 200% TPR and not greeding on this one as well.
Good Luck
İşlem kapandı: durdurma seviyesi
Trade didn't go in our favour cause of the recent market tank. We move to the nextFeragatname
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.