STG Morning Doji Star 🍨 Massive Gains
Updated
Hey guys!
Well, first of all you don't want to miss this chance!
Here's my price action analysis for this coin:
As a side note, candlestick patterns don't have a real meaning unless they happen at a high confluence zone then you really want to play attention to get on board on the train early!
Moreover, I recommend you trade SPOT this because market fluctuates and stops can get taken out in higher TF ideas. So HODL!
Targets area marked as TP1, TP2 and TP3
All the best,
Kina 🍨 The Girly Trader
Well, first of all you don't want to miss this chance!
Here's my price action analysis for this coin:
- We have a very strong upwards trendline that has been respected and bounced off from for 7 months. That's a huge hint to prove is a key area!
- It has been faked out twice and everytime it bounced off from it, came back stronger than ever.
- Last bounce we had not only it bounced off our upwards trendline but it also formed a strong bullish reversal candlestick pattern: Morning Doji Star!
- We could say it's trying to break from the downwards move (pennant, triangle) these are very subjective but it adds up to the confluence ice cream bowl.
As a side note, candlestick patterns don't have a real meaning unless they happen at a high confluence zone then you really want to play attention to get on board on the train early!
Moreover, I recommend you trade SPOT this because market fluctuates and stops can get taken out in higher TF ideas. So HODL!
Targets area marked as TP1, TP2 and TP3
All the best,
Kina 🍨 The Girly Trader
Comment
And so it begins!!! Let's gooo ✨✨✨✨Comment
TP 1 HIT! Let's patiently wait for the rest to play out. SPOT this whenever you get a retrace back to support! ♥
Comment
Halfway there to TP2! Wait patiently, this is going extremely well. Manage your position accordingly.Comment
As long as the lower red band doesn't break, this idea is still valid in the long term!Comment
Re-entry possibility as price has reacted once again from our lower band trendline. As soon as it touched the zone, it got rejected which is a very good sign that this idea still stands!Comment
We are in a dangerous zone atm, if it breaks the trendline it will most likely go the best buy zone: 0.30 - 0.35 BUT I believe the 0.44 support it's very strong and it could hold, so we'll see how it plays out. If it holds we can see the reversal starting right there but if it doesn't hold then we would expect the drop Comment
it seems like the 0.48 level held pretty good and we can say next area where this asset may face heavy selling would be at 0.60 let's see how it plays outComment
I believe it's going to bounce upwards and correct the heavy selling liquidity we had previously but the X I've marked there it's a critical area I believe selling pressure might step in, this is in the short term. We shall see once price hits the zone.Comment
Either you close this or wait for the recovery but everything is pointing out BTC about to make a big bearish move so I'd get the money in the pockets and wait to see to re-enter at the best positions the market could give. So, If STG keeps droppign then we can expect to buy at 0.30 zone if it pierces through that level DCA and the idea gets cancelled.Trade closed manually
We only made it to TP1 and halfway for TP 2 so if you put stop loss at entry if was a great trade. Otherwise, like I've been posting lately. BTC was preparing for a big bearish move and there's no idea that could withstand it. Going to be creating a new trade plan for STG, it will be available to follow on my page.
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