SONM-BTC weak signs on the horizon
Updated
Small Recap: SNM
- Entry point: @ 1500 area
- Profit levels: @2170-2580-3240
Stop: @ 1460
- Rebuy: 1000 sats and below area
- Time:
- Exchange: Many
Summary Index: SNM is at the end of 78.2 retrace. It is a historical support level. Only historical is relative to crypto. We can, however, expect a reversal here and enter with a shortstop and good risk: reward ratio. We are at the end of a TD count on daily. And today is a fresh start on the TD. There is a small hint on the DMI indicator. The ADX line is curving which can indicate that the market might be looking to trend. For now, the bears are in control. And we can choose to observe the market before we enter and wait for stronger reversal signs. However, we are in a reversal zone. DMI and ADX indicators are generally slow. So sometimes its worth anticipating a reversal on the horizon. Goodluck
- Entry point: @ 1500 area
- Profit levels: @2170-2580-3240
Stop: @ 1460
- Rebuy: 1000 sats and below area
- Time:
- Exchange: Many
Summary Index: SNM is at the end of 78.2 retrace. It is a historical support level. Only historical is relative to crypto. We can, however, expect a reversal here and enter with a shortstop and good risk: reward ratio. We are at the end of a TD count on daily. And today is a fresh start on the TD. There is a small hint on the DMI indicator. The ADX line is curving which can indicate that the market might be looking to trend. For now, the bears are in control. And we can choose to observe the market before we enter and wait for stronger reversal signs. However, we are in a reversal zone. DMI and ADX indicators are generally slow. So sometimes its worth anticipating a reversal on the horizon. Goodluck
Trade active
Note
We have some LifeNote
Note
trade is still open, we did achieve the second target. Patience and decent project anyway. Better than Golem:) ( did I just say that )Note
Note
We are moving up nicely towards our next target. The last new buy signal for later comers... has decent profit now. CongratzNote
Target hit well done.., That was the final target. And we gained above 100%. You can hold with stop to see if their is more in the pipeline
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.