Long
STRATBTC LONG Proposal
STRAT had just gone through a resistance level.
Looking at the OBV (On Balance Volume) chart we can see:
1) At the same PRICE(first going back in time) it had a lower OBV
2) Same OBV level now was at a higher PRICE in the past
(identify levels with dashed horizontal lines and marked with arrows)
Proposal is to buy now and :
a) SELL in PROFIT AREA or sooner if OBV falls below STOP LOSS LINE
b) SELL as STOP LOSS if OBV falls below STOP LOSS LINE
Best of luck to all.
Looking at the OBV (On Balance Volume) chart we can see:
1) At the same PRICE(first going back in time) it had a lower OBV
2) Same OBV level now was at a higher PRICE in the past
(identify levels with dashed horizontal lines and marked with arrows)
Proposal is to buy now and :
a) SELL in PROFIT AREA or sooner if OBV falls below STOP LOSS LINE
b) SELL as STOP LOSS if OBV falls below STOP LOSS LINE
Best of luck to all.
Note
DO NOT RUSH with STOP LOSS at OBV value Wait for PRICE go BELOW SUPPORT LEVEL (blue dashed line)
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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
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.