AppCoins (APPC) - Insane r:R
AppCoins has been trying to break above that significant S/R level for a while. I will be looking to enter a position with either a new high above targeted price or, alternatively, a daily close above the red line. Technically, this chart is very simple to read. I really like trades that jump out to me as soon as I open a price chart.
Usually, the breakout price level doesn't correspond with a significant S/R level. In this case, it does, offering an insane trade in terms of r:R
Usually, the breakout price level doesn't correspond with a significant S/R level. In this case, it does, offering an insane trade in terms of r:R
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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.