Hello fellow traders,
I've spotted a promising long opportunity on JASMY/USDT that I wanted to share with you.
Here's the setup:
Breakout Confirmation: JASMY has successfully broken out of a descending channel, indicating a potential shift in momentum.
Retracement and Readiness: Following the breakout, the price has retraced, suggesting it's now poised for an upward move.
Target: My target for this trade is the $0.01250 level, which conveniently aligns with the 200-period moving average on the 4-hour timeframe.
Here's my proposed trade plan:
Entry: I'm looking to enter the trade once the price moves above $0.01060.
Stop Loss: To manage risk, I've set my stop loss around $0.00970.
Remember, this is just my analysis, and trading always carries risk. Please do your own due diligence before making any trading decisions.
Wishing you all profitable trades!
I've spotted a promising long opportunity on JASMY/USDT that I wanted to share with you.
Here's the setup:
Breakout Confirmation: JASMY has successfully broken out of a descending channel, indicating a potential shift in momentum.
Retracement and Readiness: Following the breakout, the price has retraced, suggesting it's now poised for an upward move.
Target: My target for this trade is the $0.01250 level, which conveniently aligns with the 200-period moving average on the 4-hour timeframe.
Here's my proposed trade plan:
Entry: I'm looking to enter the trade once the price moves above $0.01060.
Stop Loss: To manage risk, I've set my stop loss around $0.00970.
Remember, this is just my analysis, and trading always carries risk. Please do your own due diligence before making any trading decisions.
Wishing you all profitable trades!
Disclaimer: This profile is for informational purposes only. Please consult with a financial professional before making any investment decisions.
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: This profile is for informational purposes only. Please consult with a financial professional before making any investment decisions.
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.