VeChain displayed strong momentum today until reaching resistance at around 0.2044. This is a premature trade, because neither a retest of the resistance after the break-through (now support), nor even a simple closed candle above the resistance in the 1h chart.
On the 4h chart, however, MACD flashes a lost of bearish momentum and the RSI is mid-way. Although premature, this crypto's fundamentals are also playing a role in this trade.
Parameters:
Entry: 0.20341
TP: 0.22292
SL: 0.19698
Risk/reward: 3:1
Disclaimer: I am a beginner trader and not a professional.
On the 4h chart, however, MACD flashes a lost of bearish momentum and the RSI is mid-way. Although premature, this crypto's fundamentals are also playing a role in this trade.
Parameters:
Entry: 0.20341
TP: 0.22292
SL: 0.19698
Risk/reward: 3:1
Disclaimer: I am a beginner trader and not a professional.
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.