CTSI Buy/Long Setup on 1H TF (Swing)
Updated
Elliott Wave 1-5 has been plotted and we are waiting for an ABC correction pattern. However, a BoS and CHoCH have been plotted as well. We can take a risky LONG here with the retracements for our planned take profits as follows:
🚪Entry: Current price
💰Trade: Cross 10-15x (2% of capital)
⛔SL: 0.2255
🎯1: 0.2592
🎯2: 0.2660
🎯3: 0.2757
🎯4: 0.2881
🚪Entry: Current price
💰Trade: Cross 10-15x (2% of capital)
⛔SL: 0.2255
🎯1: 0.2592
🎯2: 0.2660
🎯3: 0.2757
🎯4: 0.2881
Note
As observed on the chart, price really filled the lower imbalance and then gradually went back up. Now it is again revisiting the mitigated FVG zone and market seems to have entered into consolidation phase.Note
CTSI seemed to have a late mirror effect with BTC's current pump. Hopefully our bulls wake up too and send us past the current resistance @ 0.2506.
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