NEOBTC 1D long setup after retracement of impulse

9 Haz 2020

TA explained
NEOBTC just finished a pullback after an impulse. Pullback came down to the previous resistance zone which is now turned and confirmed as support. On both the Daily as well as the 4H TF you can see a nice touch of support area and a bounce. This support area aligns with the 0.618 fib level which is an very important level.

4H TF bounce on support:


First target is at the previous top and second and third targets align with the extended fib levels of the pullback. SL is below the 0.786 fib level of the impulse and way below the support area so should give enough space to breath.

This pair can be traded in margin with up to 4x leverage for this setup.

Trade setup
Best entries: 0.001180 - 0.001210
TP1: 0.001303
TP2: 0.001356
TP3: 0.001413
SL: 0.001116
RR: 2.38
Max leverage: 4x

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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)

30 Haz 2020

İşlem kapandı: durdurma seviyesi

NEO got stopped out after a powerful drop in the entire market. Retracement was completed but support couldnt hold. SL was reached with 7% loss or max 28% with 4x leverage.