$TRVL long setup

Updated
TRVL pulled back to its key level after a big rally. It should hold this level to continue growing!
Trade active
The HAMMER candlestick pattern on the daily chart is a nice price action to observe in the support area. It suggests a potential bullish reversal in the near future. As for the stop loss, I recommend updating it to a daily close below $0.048 to minimize potential losses.
Note
Taking some profit on $0.0624.
Trade closed manually
AI shit coins are doing crazy right now and the negative impact of these scams may temporarily affect the entire crypto market. So I am closing this position on $0.06 with an 18% profit and taking a break until this crazy hype ends.
Trade closed: target reached
Note
Looking for a new buying opportunity? The double bottom might happen. Stay tuned!
Beyond Technical AnalysisTrend AnalysisTRVL

Disclaimer