Im playing an RSI divergence trade which has been working really well lately.
For more on this RSI strategy, please see the related link below... RSI and crypto trading.
Entry at 1.63
Stop at 1.41
Target at 2.16 OR
whichever happens first, the price when RSI reaches 60, OR the 100 MA.
If target approaches, and I can catch it, I will move stop trail it instead of exiting exactly at 2.16. While I know the risk, the target can fluctuate on these counter trend RSI trades.
This trade, if correct, will net about 2.4R
questions or comments, let me know. likes are appreciated.
Travis
JMJ - UIOGD
For more on this RSI strategy, please see the related link below... RSI and crypto trading.
Entry at 1.63
Stop at 1.41
Target at 2.16 OR
whichever happens first, the price when RSI reaches 60, OR the 100 MA.
If target approaches, and I can catch it, I will move stop trail it instead of exiting exactly at 2.16. While I know the risk, the target can fluctuate on these counter trend RSI trades.
This trade, if correct, will net about 2.4R
questions or comments, let me know. likes are appreciated.
Travis
JMJ - UIOGD
Note
there is a similar setup on Siacoin SCNote
I should have listed as a caveat. On the 15 min, this set up would have executed and exhausted. as you can see, it surpassed the price associated with the first RSI low, also reached the 100MA, AND bounced 1.618x the move between the RSI divergence.Trade active
Moving stop to 1.53
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Related publications
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.