Updated
Quick Scalp
This is AE-BTC, showing increasing volume, Ive plotted out previous supports that will now act as a resistance.
Buy = 1150 - 1180
Sell Zone 1 = 1265 - 1280
Sell Zone 2 = 1345 - 1381
Stop loss = 4-5% 1127 - 1100
I do often set a 10% stop loss for these trades as they can be pretty volatile. Although with the 200 day (red line) acting as a good resistance, just watch out for an hourly candle close below that.
Potential profit = 10%-20%
Recommended hold time = Days (could take hours or days, one trade I had open for 2 weeks before target achieved)
Sell zone 1 is the highest probability of a quick scalp - currently buying volume is picking up and this was the previous support, I suspect will be the resistance. Zone 2 will be wick zone if any big push occurs.
After releasing mainnet they reached $100 mill market cap and the previous peak shows this has now bottomed out - hence the zone 1 as this shows it will return and test the resistance.
Buy = 1150 - 1180
Sell Zone 1 = 1265 - 1280
Sell Zone 2 = 1345 - 1381
Stop loss = 4-5% 1127 - 1100
I do often set a 10% stop loss for these trades as they can be pretty volatile. Although with the 200 day (red line) acting as a good resistance, just watch out for an hourly candle close below that.
Potential profit = 10%-20%
Recommended hold time = Days (could take hours or days, one trade I had open for 2 weeks before target achieved)
Sell zone 1 is the highest probability of a quick scalp - currently buying volume is picking up and this was the previous support, I suspect will be the resistance. Zone 2 will be wick zone if any big push occurs.
After releasing mainnet they reached $100 mill market cap and the previous peak shows this has now bottomed out - hence the zone 1 as this shows it will return and test the resistance.
Note
AE traded close to the first target stop loss. Its broken under the 200ma so im keeping an eye on this.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.