Long
SALT/BTC
3 Reasons:
Location: Within near bottom structure, W has formed right off 0.618
Momentum: W confirmed on Willy n OBV. Willy has left being oversold n being stupid.
Structure: Double Bottom, enter at confirmation of W. Risk against structure low
Profit Objective: 2:1 R/R min.
Location: Within near bottom structure, W has formed right off 0.618
Momentum: W confirmed on Willy n OBV. Willy has left being oversold n being stupid.
Structure: Double Bottom, enter at confirmation of W. Risk against structure low
Profit Objective: 2:1 R/R min.
Trade closed: stop reached
Our Stop was hit and we got out of the trade before the heavier dip.
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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.