Long Entry Signal for COOK/USDT
Based on the daily chart for COOKUSDT on Bybit, here's a concise analysis:
MLR vs. SMA: The MLR (blue) is above the SMA (pink), indicating a bullish trend.
MLR vs. BB Center: The MLR is above the BB Center Line (orange), suggesting bullish momentum.
PSAR: The PSAR dots (black) are under the price, confirming a bullish trend.
Exception: There is no 200-period SMA available to guide us on the long-term trend, so proceed with caution.
Current Strategy: Since all entry conditions for a long position are met (MLR above SMA, MLR above BB Center, PSAR under price), you might consider entering a long position.
Stop Loss (SL): Set the stop loss at the current level of the PSAR dots to manage risk.
Monitor My Idea: Keep monitoring my idea for any changes in trend or for potential profit-taking opportunities.
Thank you1
MLR vs. SMA: The MLR (blue) is above the SMA (pink), indicating a bullish trend.
MLR vs. BB Center: The MLR is above the BB Center Line (orange), suggesting bullish momentum.
PSAR: The PSAR dots (black) are under the price, confirming a bullish trend.
Exception: There is no 200-period SMA available to guide us on the long-term trend, so proceed with caution.
Current Strategy: Since all entry conditions for a long position are met (MLR above SMA, MLR above BB Center, PSAR under price), you might consider entering a long position.
Stop Loss (SL): Set the stop loss at the current level of the PSAR dots to manage risk.
Monitor My Idea: Keep monitoring my idea for any changes in trend or for potential profit-taking opportunities.
Thank you1
Note
Trade is still active; don't forget to move the stop loss (SL) to the Parabolic SAR (PSAR) and wait for the Middle Line Regression (MLR) to cross the Simple Moving Average (SMA) for the exit.
Trade closed: stop reached
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.
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.