SYSUSDT is currently displaying a bullish divergence on the 1-hour (1H) time frame, signaling a potential reversal in the prevailing trend. Additionally, the price has successfully broken above the last lower high, and the market is now forming higher highs and higher lows, indicative of a bullish trend continuation.
Here's a brief technical analysis along with a suggested trading strategy:
Entry: Consider entering a long position at the current market price (CMP) of 0.1250.
Stop Loss (SL): Implement a stop loss order at 0.1180 to effectively manage risk.
Take Profit (TP): Set take-profit levels to achieve a 1:1 and 1:2 risk-reward ratio:
TP1 = 0.1320
TP2 = 0.1390
This trading strategy aims to capitalize on the expected bullish trend continuation. However, it's crucial to closely monitor the market for any shifts in price dynamics and be prepared to adjust the strategy accordingly.
Here's a brief technical analysis along with a suggested trading strategy:
Entry: Consider entering a long position at the current market price (CMP) of 0.1250.
Stop Loss (SL): Implement a stop loss order at 0.1180 to effectively manage risk.
Take Profit (TP): Set take-profit levels to achieve a 1:1 and 1:2 risk-reward ratio:
TP1 = 0.1320
TP2 = 0.1390
This trading strategy aims to capitalize on the expected bullish trend continuation. However, it's crucial to closely monitor the market for any shifts in price dynamics and be prepared to adjust the strategy accordingly.
Trade closed: stop reached
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
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.